NewEdge Wealth LLC Boosts Stake in iShares Russell Mid-Cap Growth ETF $IWP

NewEdge Wealth LLC boosted its holdings in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 144.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,109 shares of the company’s stock after acquiring an additional 5,383 shares during the quarter. NewEdge Wealth LLC’s holdings in iShares Russell Mid-Cap Growth ETF were worth $1,247,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. First Citizens Bank & Trust Co. raised its position in iShares Russell Mid-Cap Growth ETF by 14.2% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 1,697,745 shares of the company’s stock worth $241,776,000 after purchasing an additional 211,174 shares during the period. American Wealth Advisors LLC bought a new position in shares of iShares Russell Mid-Cap Growth ETF during the third quarter valued at about $1,954,000. Cullen Frost Bankers Inc. grew its stake in shares of iShares Russell Mid-Cap Growth ETF by 25.0% during the third quarter. Cullen Frost Bankers Inc. now owns 1,194,862 shares of the company’s stock valued at $170,160,000 after buying an additional 238,826 shares during the last quarter. Congress Asset Management Co. increased its holdings in shares of iShares Russell Mid-Cap Growth ETF by 118.3% in the fourth quarter. Congress Asset Management Co. now owns 458,580 shares of the company’s stock worth $62,798,000 after buying an additional 248,474 shares during the period. Finally, Johnson Financial Group Inc. increased its holdings in shares of iShares Russell Mid-Cap Growth ETF by 29.7% in the third quarter. Johnson Financial Group Inc. now owns 46,403 shares of the company’s stock worth $6,608,000 after buying an additional 10,615 shares during the period. Institutional investors own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Trading Down 0.2%

NYSEARCA IWP opened at $136.40 on Thursday. The firm has a market cap of $19.59 billion, a PE ratio of 30.48 and a beta of 1.13. iShares Russell Mid-Cap Growth ETF has a 1-year low of $122.94 and a 1-year high of $145.60. The stock has a 50-day moving average of $133.07 and a 200-day moving average of $136.40.

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.