Global Wealth Management Investment Advisory Inc. Sells 595 Shares of iShares Russell Mid-Cap Growth ETF $IWP

Global Wealth Management Investment Advisory Inc. lessened its holdings in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 13.4% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 3,840 shares of the company’s stock after selling 595 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in iShares Russell Mid-Cap Growth ETF were worth $533,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of IWP. Atlantic Union Bankshares Corp increased its position in iShares Russell Mid-Cap Growth ETF by 212.5% during the 2nd quarter. Atlantic Union Bankshares Corp now owns 19,361 shares of the company’s stock valued at $2,685,000 after purchasing an additional 13,165 shares during the period. U.S. Capital Wealth Advisors LLC purchased a new stake in shares of iShares Russell Mid-Cap Growth ETF in the 2nd quarter worth approximately $323,000. DAVENPORT & Co LLC boosted its stake in shares of iShares Russell Mid-Cap Growth ETF by 35.0% during the second quarter. DAVENPORT & Co LLC now owns 5,918 shares of the company’s stock valued at $821,000 after purchasing an additional 1,535 shares in the last quarter. MONECO Advisors LLC boosted its stake in shares of iShares Russell Mid-Cap Growth ETF by 6.3% during the first quarter. MONECO Advisors LLC now owns 9,186 shares of the company’s stock valued at $1,079,000 after purchasing an additional 546 shares in the last quarter. Finally, Norden Group LLC increased its holdings in iShares Russell Mid-Cap Growth ETF by 29.6% during the second quarter. Norden Group LLC now owns 2,572 shares of the company’s stock valued at $357,000 after buying an additional 588 shares during the period. 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%

Shares of NYSEARCA:IWP opened at $139.49 on Monday. The firm has a 50 day moving average of $142.67 and a 200 day moving average of $138.12. The company has a market capitalization of $20.39 billion, a price-to-earnings ratio of 30.48 and a beta of 1.15. iShares Russell Mid-Cap Growth ETF has a 52 week low of $99.85 and a 52 week high of $145.60.

iShares Russell Mid-Cap Growth ETF 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).