iShares Russell Mid-Cap Growth ETF $IWP Stock: Investment Partners LTD. Increases Stake

Investment Partners LTD. raised its holdings in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 94.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 86,143 shares of the company’s stock after buying an additional 41,859 shares during the quarter. iShares Russell Mid-Cap Growth ETF accounts for about 1.8% of Investment Partners LTD.’s investment portfolio, making the stock its 14th largest position. Investment Partners LTD.’s holdings in iShares Russell Mid-Cap Growth ETF were worth $11,860,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. lifted its holdings in shares of iShares Russell Mid-Cap Growth ETF by 1.6% during the second quarter. Envestnet Asset Management Inc. now owns 5,866,456 shares of the company’s stock worth $858,908,000 after buying an additional 93,924 shares during the last quarter. Cassaday & Co Wealth Management LLC grew its stake in shares of iShares Russell Mid-Cap Growth ETF by 1.9% in the first quarter. Cassaday & Co Wealth Management LLC now owns 2,184,734 shares of the company’s stock worth $279,908,000 after acquiring an additional 41,659 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of iShares Russell Mid-Cap Growth ETF by 5.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,486,576 shares of the company’s stock worth $217,650,000 after acquiring an additional 71,020 shares during the last quarter. Stephens Group Asset Management LLC grew its stake in shares of iShares Russell Mid-Cap Growth ETF by 12.6% in the third quarter. Stephens Group Asset Management LLC now owns 633,950 shares of the company’s stock worth $87,282,000 after acquiring an additional 70,933 shares during the last quarter. Finally, Fifth Third Bancorp increased its position in iShares Russell Mid-Cap Growth ETF by 153.0% during the first quarter. Fifth Third Bancorp now owns 511,007 shares of the company’s stock worth $65,470,000 after acquiring an additional 309,058 shares during the period. 74.49% of the stock is owned by institutional investors.

iShares Russell Mid-Cap Growth ETF Price Performance

NYSEARCA:IWP opened at $131.64 on Friday. The stock has a market cap of $18.52 billion, a P/E ratio of 30.48 and a beta of 1.13. iShares Russell Mid-Cap Growth ETF has a one year low of $122.94 and a one year high of $148.29. The company has a fifty day moving average price of $138.46 and a 200 day moving average price of $137.80.

iShares Russell Mid-Cap Growth ETF Profile

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.