Prosperity Wealth Management Inc. Takes $2.90 Million Position in iShares Russell Mid-Cap Growth ETF $IWP

Prosperity Wealth Management Inc. purchased a new stake in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 20,920 shares of the company’s stock, valued at approximately $2,901,000. iShares Russell Mid-Cap Growth ETF accounts for about 1.1% of Prosperity Wealth Management Inc.’s investment portfolio, making the stock its 19th biggest holding.

A number of other institutional investors also recently modified their holdings of the company. Beam Wealth Advisors Inc. raised its position in shares of iShares Russell Mid-Cap Growth ETF by 4.1% in the second quarter. Beam Wealth Advisors Inc. now owns 22,842 shares of the company’s stock valued at $3,168,000 after purchasing an additional 903 shares during the period. Summit Investment Advisory Services LLC bought a new position in shares of iShares Russell Mid-Cap Growth ETF in the second quarter valued at approximately $236,000. AMG National Trust Bank raised its position in shares of iShares Russell Mid-Cap Growth ETF by 1.2% in the second quarter. AMG National Trust Bank now owns 329,913 shares of the company’s stock valued at $45,752,000 after purchasing an additional 3,757 shares during the period. FWG Investments LLC. bought a new position in shares of iShares Russell Mid-Cap Growth ETF in the second quarter valued at approximately $630,000. Finally, Buckhead Capital Management LLC bought a new position in shares of iShares Russell Mid-Cap Growth ETF in the second quarter valued at approximately $222,000. Institutional investors own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Trading Up 1.2%

Shares of iShares Russell Mid-Cap Growth ETF stock opened at $142.02 on Friday. The company’s fifty day simple moving average is $142.96 and its 200-day simple moving average is $137.02. The company has a market cap of $20.76 billion, a price-to-earnings ratio of 30.48 and a beta of 1.15. iShares Russell Mid-Cap Growth ETF has a 1 year low of $99.85 and a 1 year high of $145.60.

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).