MFG Investments LLC Purchases 21,623 Shares of iShares Russell Mid-Cap Growth ETF $IWP

MFG Investments LLC purchased a new stake in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) in the 3rd quarter, Holdings Channel.com reports. The fund purchased 21,623 shares of the company’s stock, valued at approximately $2,977,000. iShares Russell Mid-Cap Growth ETF comprises about 3.4% of MFG Investments LLC’s investment portfolio, making the stock its 6th largest holding.

Other hedge funds also recently modified their holdings of the company. Hilton Head Capital Partners LLC bought a new stake in shares of iShares Russell Mid-Cap Growth ETF in the third quarter worth $28,000. McIlrath & Eck LLC bought a new position in iShares Russell Mid-Cap Growth ETF during the 1st quarter worth $26,000. Laurel Wealth Advisors LLC bought a new position in iShares Russell Mid-Cap Growth ETF during the 3rd quarter worth $31,000. Signature Resources Capital Management LLC raised its position in iShares Russell Mid-Cap Growth ETF by 83.6% during the 1st quarter. Signature Resources Capital Management LLC now owns 224 shares of the company’s stock worth $29,000 after purchasing an additional 102 shares during the last quarter. Finally, Allied Private Wealth LLC acquired a new position in iShares Russell Mid-Cap Growth ETF during the 2nd quarter worth about $32,000. Institutional investors and hedge funds own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Trading Up 1.2%

Shares of IWP opened at $131.70 on Wednesday. The stock’s 50-day moving average price is $137.99 and its two-hundred day moving average price is $137.69. iShares Russell Mid-Cap Growth ETF has a 12 month low of $122.94 and a 12 month high of $148.29. The company has a market capitalization of $18.51 billion, a PE ratio of 27.78 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.