First Command Advisory Services Inc. lifted its stake in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP – Free Report) by 8.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,839,481 shares of the company’s stock after acquiring an additional 284,943 shares during the period. iShares Russell Mid-Cap Growth ETF accounts for approximately 3.7% of First Command Advisory Services Inc.’s portfolio, making the stock its 6th biggest position. First Command Advisory Services Inc.’s holdings in iShares Russell Mid-Cap Growth ETF were worth $525,778,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of IWP. Richards Merrill & Peterson Inc. purchased a new position in shares of iShares Russell Mid-Cap Growth ETF in the 4th quarter valued at $25,000. Beaird Harris Wealth Management LLC grew its position in shares of iShares Russell Mid-Cap Growth ETF by 125.0% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 198 shares of the company’s stock valued at $28,000 after buying an additional 110 shares during the last quarter. Imprint Wealth LLC purchased a new position in shares of iShares Russell Mid-Cap Growth ETF in the 3rd quarter valued at $29,000. Laurel Wealth Advisors LLC purchased a new position in shares of iShares Russell Mid-Cap Growth ETF in the 4th quarter valued at $30,000. Finally, City State Bank purchased a new position in shares of iShares Russell Mid-Cap Growth ETF in the 4th quarter valued at $38,000. 74.49% of the stock is owned by hedge funds and other institutional investors.
iShares Russell Mid-Cap Growth ETF Price Performance
NYSEARCA IWP opened at $139.23 on Friday. The firm’s fifty day moving average price is $135.69 and its 200 day moving average price is $136.32. The company has a market capitalization of $20.00 billion, a price-to-earnings ratio of 30.48 and a beta of 1.13. iShares Russell Mid-Cap Growth ETF has a 12 month low of $122.94 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.
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