GLOBALT Investments LLC GA Sells 8,298 Shares of iShares Russell Mid-Cap Growth ETF $IWP

GLOBALT Investments LLC GA decreased its holdings in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 2.1% during the third quarter, HoldingsChannel reports. The fund owned 383,970 shares of the company’s stock after selling 8,298 shares during the quarter. iShares Russell Mid-Cap Growth ETF comprises about 2.0% of GLOBALT Investments LLC GA’s investment portfolio, making the stock its 11th biggest holding. GLOBALT Investments LLC GA’s holdings in iShares Russell Mid-Cap Growth ETF were worth $54,681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in IWP. Financial Gravity Companies Inc. bought a new position in shares of iShares Russell Mid-Cap Growth ETF in the second quarter worth $28,000. Abound Wealth Management raised its stake in shares of iShares Russell Mid-Cap Growth ETF by 223.2% during the 3rd quarter. Abound Wealth Management now owns 223 shares of the company’s stock valued at $32,000 after purchasing an additional 154 shares during the period. Ryan Investment Management Inc. purchased a new stake in iShares Russell Mid-Cap Growth ETF during the 2nd quarter worth about $36,000. Berkshire Money Management Inc. bought a new position in iShares Russell Mid-Cap Growth ETF in the 2nd quarter worth about $45,000. Finally, WFA of San Diego LLC bought a new position in iShares Russell Mid-Cap Growth ETF in the 2nd quarter worth about $47,000. Hedge funds and other institutional investors own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Stock Down 0.5%

IWP stock opened at $139.56 on Wednesday. The stock has a 50-day simple moving average of $139.22 and a two-hundred day simple moving average of $140.04. iShares Russell Mid-Cap Growth ETF has a twelve month low of $99.85 and a twelve month high of $145.60. The firm has a market capitalization of $20.40 billion, a PE ratio of 30.48 and a beta of 1.15.

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.