LPL Financial LLC lifted its stake in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP – Free Report) by 6.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,616,494 shares of the company’s stock after acquiring an additional 161,336 shares during the period. LPL Financial LLC’s holdings in iShares Russell Mid-Cap Growth ETF were worth $358,303,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. American Wealth Advisors LLC acquired a new position in iShares Russell Mid-Cap Growth ETF in the 3rd quarter worth approximately $1,954,000. Concurrent Investment Advisors LLC increased its holdings in iShares Russell Mid-Cap Growth ETF by 29.8% in the 4th quarter. Concurrent Investment Advisors LLC now owns 16,403 shares of the company’s stock worth $2,246,000 after buying an additional 3,769 shares during the period. AE Wealth Management LLC increased its holdings in iShares Russell Mid-Cap Growth ETF by 6.7% in the 4th quarter. AE Wealth Management LLC now owns 95,214 shares of the company’s stock worth $13,039,000 after buying an additional 5,971 shares during the period. Johnson Financial Group Inc. increased its holdings in iShares Russell Mid-Cap Growth ETF by 29.7% in the 3rd quarter. Johnson Financial Group Inc. now owns 46,403 shares of the company’s stock worth $6,608,000 after buying an additional 10,615 shares during the period. Finally, Congress Asset Management Co. increased its holdings in iShares Russell Mid-Cap Growth ETF by 118.3% in the 4th quarter. Congress Asset Management Co. now owns 458,580 shares of the company’s stock worth $62,798,000 after buying an additional 248,474 shares during the period. 74.49% of the stock is owned by hedge funds and other institutional investors.
iShares Russell Mid-Cap Growth ETF Trading Down 0.1%
Shares of NYSEARCA:IWP opened at $139.15 on Tuesday. iShares Russell Mid-Cap Growth ETF has a twelve month low of $122.94 and a twelve month high of $145.60. The company’s 50 day moving average is $135.92 and its 200 day moving average is $136.37. The company has a market cap of $19.99 billion, a PE ratio of 30.48 and a beta of 1.13.
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.
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