Corundum Group Inc. Has $9.67 Million Stock Holdings in iShares Russell Mid-Cap Growth ETF $IWP

Corundum Group Inc. increased its stake in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 10.1% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 75,496 shares of the company’s stock after buying an additional 6,909 shares during the quarter. iShares Russell Mid-Cap Growth ETF makes up about 3.2% of Corundum Group Inc.’s portfolio, making the stock its 9th largest position. Corundum Group Inc.’s holdings in iShares Russell Mid-Cap Growth ETF were worth $9,673,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in IWP. Richards Merrill & Peterson Inc. purchased a new position in iShares Russell Mid-Cap Growth ETF in the fourth quarter valued at about $25,000. CNB Bank grew its position in shares of iShares Russell Mid-Cap Growth ETF by 478.8% during the 4th quarter. CNB Bank now owns 191 shares of the company’s stock valued at $26,000 after acquiring an additional 158 shares during the period. Hilton Head Capital Partners LLC purchased a new stake in shares of iShares Russell Mid-Cap Growth ETF during the 4th quarter worth approximately $27,000. Beaird Harris Wealth Management LLC increased its stake in shares of iShares Russell Mid-Cap Growth ETF by 125.0% during 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 during the last quarter. Finally, Sfam LLC purchased a new stake in shares of iShares Russell Mid-Cap Growth ETF during the 4th quarter worth approximately $28,000. Institutional investors own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Trading Up 1.0%

NYSEARCA:IWP opened at $141.29 on Thursday. iShares Russell Mid-Cap Growth ETF has a 12 month low of $122.94 and a 12 month high of $145.60. The firm’s 50 day moving average is $138.73 and its 200 day moving average is $136.74. The stock has a market capitalization of $20.30 billion, a PE ratio of 30.48 and a beta of 1.13.

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.