Lowe Brockenbrough & Co. Inc. Cuts Stock Position in iShares Russell Mid-Cap Growth ETF $IWP

Lowe Brockenbrough & Co. Inc. reduced its position in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 95.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 255 shares of the company’s stock after selling 5,844 shares during the quarter. Lowe Brockenbrough & Co. Inc.’s holdings in iShares Russell Mid-Cap Growth ETF were worth $35,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Richards Merrill & Peterson Inc. purchased a new position in shares of iShares Russell Mid-Cap Growth ETF in the 4th quarter worth about $25,000. Beaird Harris Wealth Management LLC boosted its holdings in shares of iShares Russell Mid-Cap Growth ETF by 125.0% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 198 shares of the company’s stock worth $28,000 after purchasing an additional 110 shares in the last quarter. Imprint Wealth LLC purchased a new position in shares of iShares Russell Mid-Cap Growth ETF in the 3rd quarter worth about $29,000. Laurel Wealth Advisors LLC purchased a new position in shares of iShares Russell Mid-Cap Growth ETF in the 4th quarter worth about $30,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of iShares Russell Mid-Cap Growth ETF in the 3rd quarter worth about $39,000. 74.49% of the stock is currently owned by hedge funds and other institutional investors.

iShares Russell Mid-Cap Growth ETF Trading Down 2.7%

IWP opened at $139.23 on Friday. The stock has a 50-day moving average price of $135.69 and a 200-day moving average price of $136.32. iShares Russell Mid-Cap Growth ETF has a 12-month low of $122.94 and a 12-month high of $145.60. The stock has a market capitalization of $20.00 billion, a P/E ratio of 30.48 and a beta of 1.13.

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.