Focus Partners Wealth Boosts Stock Holdings in iShares Russell Mid-Cap Growth ETF $IWP

Focus Partners Wealth raised its holdings in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 14.0% during the fourth quarter, HoldingsChannel reports. The firm owned 652,159 shares of the company’s stock after purchasing an additional 80,331 shares during the period. Focus Partners Wealth’s holdings in iShares Russell Mid-Cap Growth ETF were worth $89,340,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in IWP. Richards Merrill & Peterson Inc. purchased a new position in iShares Russell Mid-Cap Growth ETF during the 4th quarter valued at about $25,000. CNB Bank increased its position in iShares Russell Mid-Cap Growth ETF by 478.8% during the 4th quarter. CNB Bank now owns 191 shares of the company’s stock valued at $26,000 after purchasing an additional 158 shares during the period. Hilton Head Capital Partners LLC purchased a new position in iShares Russell Mid-Cap Growth ETF during the 4th quarter valued at about $27,000. Beaird Harris Wealth Management LLC increased its position in iShares Russell Mid-Cap Growth ETF by 125.0% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 198 shares of the company’s stock valued at $28,000 after purchasing an additional 110 shares during the period. Finally, Sfam LLC purchased a new position in iShares Russell Mid-Cap Growth ETF during the 4th quarter valued at about $28,000. Hedge funds and other institutional investors own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Stock Performance

NYSEARCA IWP opened at $140.80 on Monday. The company has a market capitalization of $20.23 billion, a price-to-earnings ratio of 30.48 and a beta of 1.13. The company’s 50-day simple moving average is $136.97 and its two-hundred day simple moving average is $136.54. iShares Russell Mid-Cap Growth ETF has a one year low of $122.94 and a one year 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). 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.