Northwestern Mutual Wealth Management Co. Buys 76,721 Shares of iShares Russell Mid-Cap Growth ETF $IWP

Northwestern Mutual Wealth Management Co. boosted its stake in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 5.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,404,920 shares of the company’s stock after purchasing an additional 76,721 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in iShares Russell Mid-Cap Growth ETF were worth $192,390,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Richards Merrill & Peterson Inc. acquired a new stake in iShares Russell Mid-Cap Growth ETF in the fourth quarter valued at approximately $25,000. Beaird Harris Wealth Management LLC boosted its stake in iShares Russell Mid-Cap Growth ETF by 125.0% in the third quarter. Beaird Harris Wealth Management LLC now owns 198 shares of the company’s stock valued at $28,000 after acquiring an additional 110 shares in the last quarter. Imprint Wealth LLC acquired a new stake in iShares Russell Mid-Cap Growth ETF in the third quarter valued at approximately $29,000. Laurel Wealth Advisors LLC acquired a new stake in iShares Russell Mid-Cap Growth ETF in the fourth quarter valued at approximately $30,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in iShares Russell Mid-Cap Growth ETF in the third quarter valued at approximately $39,000. 74.49% of the stock is currently owned by institutional investors and hedge funds.

iShares Russell Mid-Cap Growth ETF Stock Up 1.0%

Shares of IWP opened at $142.06 on Friday. The company has a market cap of $20.41 billion, a price-to-earnings ratio of 30.48 and a beta of 1.13. iShares Russell Mid-Cap Growth ETF has a twelve month low of $122.94 and a twelve month high of $145.60. The company has a 50 day moving average of $134.20 and a two-hundred day moving average of $136.16.

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.