Cornerstone Financial Management LLC acquired a new stake in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,808 shares of the company’s stock, valued at approximately $1,480,000. iShares Russell Mid-Cap Growth ETF accounts for about 1.4% of Cornerstone Financial Management LLC’s investment portfolio, making the stock its 20th biggest position.
Several other large investors also recently modified their holdings of the stock. Arax Advisory Partners bought a new position in shares of iShares Russell Mid-Cap Growth ETF in the fourth quarter valued at about $1,254,000. Brown Advisory Inc. raised its position in shares of iShares Russell Mid-Cap Growth ETF by 11.9% in the fourth quarter. Brown Advisory Inc. now owns 161,817 shares of the company’s stock valued at $22,159,000 after purchasing an additional 17,157 shares during the period. Biondo Investment Advisors LLC raised its position in shares of iShares Russell Mid-Cap Growth ETF by 3.2% in the fourth quarter. Biondo Investment Advisors LLC now owns 21,785 shares of the company’s stock valued at $2,983,000 after purchasing an additional 668 shares during the period. Arete Wealth Advisors LLC raised its position in shares of iShares Russell Mid-Cap Growth ETF by 9.6% in the fourth quarter. Arete Wealth Advisors LLC now owns 1,951 shares of the company’s stock valued at $267,000 after purchasing an additional 171 shares during the period. Finally, CreativeOne Wealth LLC raised its position in shares of iShares Russell Mid-Cap Growth ETF by 11.2% in the fourth quarter. CreativeOne Wealth LLC now owns 43,565 shares of the company’s stock valued at $5,966,000 after purchasing an additional 4,385 shares during the period. 74.49% of the stock is owned by institutional investors.
iShares Russell Mid-Cap Growth ETF Price Performance
Shares of IWP opened at $140.80 on Friday. The firm has a market capitalization of $20.23 billion, a PE ratio of 30.48 and a beta of 1.13. The company’s 50-day moving average is $136.97 and its 200-day moving average is $136.53. iShares Russell Mid-Cap Growth ETF has a fifty-two week low of $122.94 and a fifty-two week 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.
See Also
- Five stocks we like better than iShares Russell Mid-Cap Growth ETF
- Time to Sell? 3 Winners With Fading Technical Momentum
- Why These 2 Hotel Stocks Are Beating Travel Peers
- This Energy Stock Has Quietly Soared 130% in a Year
- 3 ‘Boring’ Dividend Stocks With Tasty Technical Setups
Want to see what other hedge funds are holding IWP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP – Free Report).
Receive News & Ratings for iShares Russell Mid-Cap Growth ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Russell Mid-Cap Growth ETF and related companies with MarketBeat.com's FREE daily email newsletter.
