Parallel Advisors LLC Acquires 4,732 Shares of iShares Russell Mid-Cap Growth ETF $IWP

Parallel Advisors LLC raised its stake in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 42.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 15,768 shares of the company’s stock after acquiring an additional 4,732 shares during the period. Parallel Advisors LLC’s holdings in iShares Russell Mid-Cap Growth ETF were worth $2,246,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of IWP. Jones Financial Companies Lllp boosted its position in shares of iShares Russell Mid-Cap Growth ETF by 6.6% during the third quarter. Jones Financial Companies Lllp now owns 5,577,746 shares of the company’s stock worth $794,992,000 after acquiring an additional 345,906 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in iShares Russell Mid-Cap Growth ETF by 171.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 5,397,376 shares of the company’s stock valued at $768,640,000 after acquiring an additional 3,406,598 shares during the last quarter. First Command Advisory Services Inc. increased its holdings in iShares Russell Mid-Cap Growth ETF by 80,392.3% in the 3rd quarter. First Command Advisory Services Inc. now owns 3,554,538 shares of the company’s stock valued at $506,202,000 after acquiring an additional 3,550,122 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in iShares Russell Mid-Cap Growth ETF by 1.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,524,819 shares of the company’s stock worth $350,422,000 after purchasing an additional 26,620 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC lifted its stake in iShares Russell Mid-Cap Growth ETF by 0.4% in the 3rd quarter. Cassaday & Co Wealth Management LLC now owns 2,118,203 shares of the company’s stock worth $301,653,000 after purchasing an additional 8,121 shares in the last quarter. Institutional investors own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Stock Up 1.2%

IWP opened at $135.23 on Tuesday. The company has a market capitalization of $19.84 billion, a PE ratio of 30.48 and a beta of 1.15. The firm has a 50-day simple moving average of $137.36 and a two-hundred day simple moving average of $139.60. iShares Russell Mid-Cap Growth ETF has a 52 week low of $99.85 and a 52 week high of $145.60.

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.