Cassaday & Co Wealth Management LLC Purchases 24,872 Shares of iShares Russell Mid-Cap Growth ETF $IWP

Cassaday & Co Wealth Management LLC lifted its stake in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 1.2% during the fourth quarter, Holdings Channel reports. The firm owned 2,143,075 shares of the company’s stock after buying an additional 24,872 shares during the period. iShares Russell Mid-Cap Growth ETF comprises about 6.2% of Cassaday & Co Wealth Management LLC’s holdings, making the stock its 3rd largest position. Cassaday & Co Wealth Management LLC’s holdings in iShares Russell Mid-Cap Growth ETF were worth $293,473,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Richards Merrill & Peterson Inc. bought a new stake in shares of iShares Russell Mid-Cap Growth ETF in the 4th quarter worth approximately $25,000. Beaird Harris Wealth Management LLC lifted its holdings 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 worth $28,000 after purchasing an additional 110 shares during the last quarter. Imprint Wealth LLC bought a new stake in shares of iShares Russell Mid-Cap Growth ETF in the 3rd quarter worth approximately $29,000. Laurel Wealth Advisors LLC bought a new stake in shares of iShares Russell Mid-Cap Growth ETF in the 4th quarter worth approximately $30,000. Finally, Clean Yield Group bought a new stake in shares of iShares Russell Mid-Cap Growth ETF in the 3rd quarter worth approximately $33,000. Institutional investors own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Trading Down 0.5%

Shares of NYSEARCA IWP opened at $138.31 on Friday. The company has a market cap of $19.87 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. The stock’s 50 day simple moving average is $133.07 and its 200 day simple moving average is $136.56.

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). 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.