USAdvisors Wealth Management LLC Acquires 12,595 Shares of iShares Russell Mid-Cap Growth ETF $IWP

USAdvisors Wealth Management LLC raised its stake in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 38.3% in the first quarter, HoldingsChannel reports. The institutional investor owned 45,474 shares of the company’s stock after acquiring an additional 12,595 shares during the period. iShares Russell Mid-Cap Growth ETF makes up about 1.9% of USAdvisors Wealth Management LLC’s holdings, making the stock its 16th largest holding. USAdvisors Wealth Management LLC’s holdings in iShares Russell Mid-Cap Growth ETF were worth $5,621,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Richards Merrill & Peterson Inc. purchased a new position in shares of iShares Russell Mid-Cap Growth ETF in the fourth quarter worth $25,000. CNB Bank grew its stake in iShares Russell Mid-Cap Growth ETF by 478.8% during the fourth quarter. CNB Bank now owns 191 shares of the company’s stock valued at $26,000 after acquiring an additional 158 shares in the last quarter. Hilton Head Capital Partners LLC purchased a new position in iShares Russell Mid-Cap Growth ETF during the fourth quarter valued at $27,000. Beaird Harris Wealth Management LLC increased its holdings in 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 valued at $28,000 after acquiring an additional 110 shares during the last quarter. Finally, Sfam LLC bought a new stake in iShares Russell Mid-Cap Growth ETF in the 4th quarter valued at $28,000. Institutional investors own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Stock Down 1.4%

Shares of IWP stock opened at $142.96 on Friday. The stock has a market cap of $21.05 billion, a P/E ratio of 30.48 and a beta of 1.12. iShares Russell Mid-Cap Growth ETF has a 52 week low of $122.94 and a 52 week high of $146.64. The company’s fifty day simple moving average is $139.60 and its two-hundred day simple moving average is $136.91.

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.