Ticino Wealth Makes New $5.88 Million Investment in iShares Russell Mid-Cap Growth ETF $IWP

Ticino Wealth acquired a new stake in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) during the fourth quarter, Holdings Channel.com reports. The firm acquired 42,941 shares of the company’s stock, valued at approximately $5,880,000. iShares Russell Mid-Cap Growth ETF accounts for 2.2% of Ticino Wealth’s portfolio, making the stock its 8th biggest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Richards Merrill & Peterson Inc. acquired a new stake in iShares Russell Mid-Cap Growth ETF during the fourth quarter worth approximately $25,000. Beaird Harris Wealth Management LLC grew its position 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 buying an additional 110 shares during the period. Imprint Wealth LLC acquired a new stake in shares of iShares Russell Mid-Cap Growth ETF during the 3rd quarter worth approximately $29,000. Clean Yield Group bought a new stake in shares of iShares Russell Mid-Cap Growth ETF in the 3rd quarter valued at $33,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of iShares Russell Mid-Cap Growth ETF in the 3rd quarter valued at $34,000. Institutional investors own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Stock Up 0.4%

Shares of NYSEARCA IWP opened at $139.00 on Tuesday. The firm has a market cap of $19.97 billion, a PE ratio of 30.48 and a beta of 1.17. The company’s fifty day simple moving average is $132.77 and its 200 day simple moving average is $137.03. iShares Russell Mid-Cap Growth ETF has a 12-month low of $111.32 and a 12-month high of $145.60.

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.