Envestnet Asset Management Inc. Has $858.91 Million Stock Position in iShares Russell Mid-Cap Growth ETF $IWP

Envestnet Asset Management Inc. grew its holdings in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 1.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,866,456 shares of the company’s stock after acquiring an additional 93,924 shares during the quarter. Envestnet Asset Management Inc.’s holdings in iShares Russell Mid-Cap Growth ETF were worth $858,908,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. CNB Bank increased its position in iShares Russell Mid-Cap Growth ETF by 478.8% during the fourth quarter. CNB Bank now owns 191 shares of the company’s stock worth $26,000 after acquiring an additional 158 shares during the period. Hilton Head Capital Partners LLC bought a new stake in iShares Russell Mid-Cap Growth ETF in the 4th quarter valued at about $27,000. McIlrath & Eck LLC acquired a new position in shares of iShares Russell Mid-Cap Growth ETF during the 1st quarter worth approximately $26,000. Signature Resources Capital Management LLC grew its position in shares of iShares Russell Mid-Cap Growth ETF by 83.6% during the 1st quarter. Signature Resources Capital Management LLC now owns 224 shares of the company’s stock worth $29,000 after purchasing an additional 102 shares in the last quarter. Finally, Allied Private Wealth LLC bought a new position in shares of iShares Russell Mid-Cap Growth ETF during the second quarter worth approximately $32,000. 74.49% of the stock is currently owned by institutional investors and hedge funds.

iShares Russell Mid-Cap Growth ETF Stock Performance

Shares of NYSEARCA IWP traded down $1.05 during midday trading on Wednesday, reaching $138.85. The company’s stock had a trading volume of 471,964 shares, compared to its average volume of 880,811. iShares Russell Mid-Cap Growth ETF has a fifty-two week low of $122.94 and a fifty-two week high of $148.29. The business’s 50 day moving average price is $140.21 and its two-hundred day moving average price is $138.03. The company has a market cap of $19.51 billion, a P/E ratio of 30.48 and a beta of 1.12.

About iShares Russell Mid-Cap Growth ETF

iShares Russell Mid-Cap Growth ETF, formerly iShares Russell Midcap Growth Index Fund (the Growth Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Russell Midcap Growth Index (the Growth Index). The Index measures the performance of the mid-capitalization growth sector of the United States equity market. It is a subset of the Russell Midcap Index and measures the performance of equity securities of Russell Midcap Index issuers with relatively higher price-to-book ratios and higher forecasted growth.