Independent Financial Group LLC Takes Position in iShares Russell Mid-Cap Growth ETF $IWP

Independent Financial Group LLC acquired a new stake in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) during the first quarter, HoldingsChannel reports. The firm acquired 10,843 shares of the company’s stock, valued at approximately $1,389,000.

Other institutional investors have also bought and sold shares of the company. Revolve Wealth Partners LLC lifted its stake in shares of iShares Russell Mid-Cap Growth ETF by 2.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 7,370 shares of the company’s stock worth $934,000 after acquiring an additional 182 shares during the period. AQR Capital Management LLC increased its stake in shares of iShares Russell Mid-Cap Growth ETF by 59.9% during the first quarter. AQR Capital Management LLC now owns 2,868 shares of the company’s stock valued at $337,000 after acquiring an additional 1,074 shares during the period. First Trust Advisors LP acquired a new position in shares of iShares Russell Mid-Cap Growth ETF during the second quarter valued at approximately $257,000. Qube Research & Technologies Ltd raised its holdings in iShares Russell Mid-Cap Growth ETF by 22.6% during the second quarter. Qube Research & Technologies Ltd now owns 116,038 shares of the company’s stock worth $16,092,000 after purchasing an additional 21,353 shares in the last quarter. Finally, Peapack Gladstone Financial Corp raised its holdings in iShares Russell Mid-Cap Growth ETF by 17.2% during the second quarter. Peapack Gladstone Financial Corp now owns 50,186 shares of the company’s stock worth $6,960,000 after purchasing an additional 7,376 shares in the last quarter. Institutional investors and hedge funds own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Price Performance

IWP opened at $137.59 on Monday. The business has a 50 day moving average price of $140.70 and a two-hundred day moving average price of $137.11. The company has a market capitalization of $20.16 billion, a price-to-earnings ratio of 30.48 and a beta of 1.12. iShares Russell Mid-Cap Growth ETF has a 1-year low of $122.94 and a 1-year high of $146.64.

iShares Russell Mid-Cap Growth ETF Company 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.