Savvy Advisors Inc. Acquires 3,729 Shares of iShares Russell Mid-Cap Growth ETF $IWP

Savvy Advisors Inc. boosted its position in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 183.8% in the third quarter, HoldingsChannel reports. The firm owned 5,758 shares of the company’s stock after buying an additional 3,729 shares during the quarter. Savvy Advisors Inc.’s holdings in iShares Russell Mid-Cap Growth ETF were worth $820,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Investment Partners LTD. boosted its position in shares of iShares Russell Mid-Cap Growth ETF by 6.2% in the second quarter. Investment Partners LTD. now owns 40,415 shares of the company’s stock valued at $5,605,000 after acquiring an additional 2,371 shares during the period. First Citizens Bank & Trust Co. raised its position in iShares Russell Mid-Cap Growth ETF by 14.2% during the third quarter. First Citizens Bank & Trust Co. now owns 1,697,745 shares of the company’s stock valued at $241,776,000 after purchasing an additional 211,174 shares in the last quarter. Atlantic Union Bankshares Corp lifted its stake in iShares Russell Mid-Cap Growth ETF by 212.5% during the second quarter. Atlantic Union Bankshares Corp now owns 19,361 shares of the company’s stock worth $2,685,000 after purchasing an additional 13,165 shares during the last quarter. First Horizon Corp bought a new stake in iShares Russell Mid-Cap Growth ETF in the 3rd quarter worth approximately $6,143,000. Finally, Advyzon Investment Management LLC bought a new position in iShares Russell Mid-Cap Growth ETF during the second quarter valued at approximately $419,000. 74.49% of the stock is owned by hedge funds and other institutional investors.

iShares Russell Mid-Cap Growth ETF Stock Up 1.1%

NYSEARCA IWP opened at $134.37 on Friday. The firm has a market cap of $19.71 billion, a price-to-earnings ratio of 30.48 and a beta of 1.15. iShares Russell Mid-Cap Growth ETF has a 12-month low of $99.85 and a 12-month high of $145.60. The company has a 50-day simple moving average of $138.47 and a two-hundred day simple moving average of $140.13.

iShares Russell Mid-Cap Growth ETF Company 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.