Northwestern Mutual Wealth Management Co. Sells 1,046,833 Shares of iShares Russell Mid-Cap Growth ETF $IWP

Northwestern Mutual Wealth Management Co. cut its holdings in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 78.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 281,366 shares of the company’s stock after selling 1,046,833 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares Russell Mid-Cap Growth ETF were worth $38,530,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Citizens Bank & Trust Co. lifted its holdings in shares of iShares Russell Mid-Cap Growth ETF by 14.2% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 1,697,745 shares of the company’s stock valued at $241,776,000 after buying 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 3rd quarter valued at $1,954,000. Cullen Frost Bankers Inc. lifted its holdings in shares of iShares Russell Mid-Cap Growth ETF by 25.0% during the 3rd 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 period. Congress Asset Management Co. lifted its holdings in shares of iShares Russell Mid-Cap Growth ETF by 118.3% during the 4th quarter. Congress Asset Management Co. now owns 458,580 shares of the company’s stock valued at $62,798,000 after buying an additional 248,474 shares during the period. Finally, AE Wealth Management LLC lifted its holdings in shares of iShares Russell Mid-Cap Growth ETF by 6.7% during the 4th quarter. AE Wealth Management LLC now owns 95,214 shares of the company’s stock valued at $13,039,000 after buying an additional 5,971 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 $136.01 on Tuesday. The business’s fifty day moving average price is $133.12 and its 200-day moving average price is $136.23. The stock has a market capitalization of $19.54 billion, a price-to-earnings 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.

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.