LifeWealth Investments LLC lowered its stake in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP – Free Report) by 30.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 19,886 shares of the company’s stock after selling 8,676 shares during the period. iShares Russell Mid-Cap Growth ETF comprises 0.8% of LifeWealth Investments LLC’s portfolio, making the stock its 28th biggest holding. LifeWealth Investments LLC’s holdings in iShares Russell Mid-Cap Growth ETF were worth $2,738,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its position in shares of iShares Russell Mid-Cap Growth ETF by 1.6% in the second quarter. Envestnet Asset Management Inc. now owns 5,866,456 shares of the company’s stock valued at $858,908,000 after acquiring an additional 93,924 shares during the period. Cassaday & Co Wealth Management LLC raised its position in shares of iShares Russell Mid-Cap Growth ETF by 1.9% in the first quarter. Cassaday & Co Wealth Management LLC now owns 2,184,734 shares of the company’s stock worth $279,908,000 after buying an additional 41,659 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in iShares Russell Mid-Cap Growth ETF by 5.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,486,576 shares of the company’s stock worth $217,650,000 after buying an additional 71,020 shares in the last quarter. Stephens Group Asset Management LLC boosted its position in shares of iShares Russell Mid-Cap Growth ETF by 12.6% during the 3rd quarter. Stephens Group Asset Management LLC now owns 633,950 shares of the company’s stock valued at $87,282,000 after acquiring an additional 70,933 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in iShares Russell Mid-Cap Growth ETF by 153.0% during the first quarter. Fifth Third Bancorp now owns 511,007 shares of the company’s stock valued at $65,470,000 after purchasing an additional 309,058 shares during the last quarter. 74.49% of the stock is currently owned by hedge funds and other institutional investors.
iShares Russell Mid-Cap Growth ETF Stock Up 1.2%
NYSEARCA:IWP traded up $1.65 during midday trading on Wednesday, hitting $137.32. The company had a trading volume of 236,381 shares, compared to its average volume of 869,794. The stock’s fifty day moving average price is $140.08 and its 200-day moving average price is $139.26. iShares Russell Mid-Cap Growth ETF has a 52-week low of $122.94 and a 52-week high of $148.29. The company has a market capitalization of $19.33 billion, a PE ratio of 30.48 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.
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