Beam Wealth Advisors Inc. Has $3.44 Million Holdings in iShares Russell Mid-Cap Growth ETF $IWP

Beam Wealth Advisors Inc. raised its holdings in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 21.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,842 shares of the company’s stock after buying an additional 4,817 shares during the period. iShares Russell Mid-Cap Growth ETF comprises approximately 0.9% of Beam Wealth Advisors Inc.’s investment portfolio, making the stock its 28th biggest holding. Beam Wealth Advisors Inc.’s holdings in iShares Russell Mid-Cap Growth ETF were worth $3,439,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Your Advocates Ltd. LLP increased its holdings in shares of iShares Russell Mid-Cap Growth ETF by 2,866.7% during the 1st quarter. Your Advocates Ltd. LLP now owns 267 shares of the company’s stock worth $34,000 after acquiring an additional 258 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA raised its stake in iShares Russell Mid-Cap Growth ETF by 30.7% in the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 21,236 shares of the company’s stock valued at $2,721,000 after acquiring an additional 4,992 shares during the period. Marino Stram & Associates LLC acquired a new stake in iShares Russell Mid-Cap Growth ETF during the 1st quarter valued at $202,000. Orin Green Financial LLC lifted its holdings in iShares Russell Mid-Cap Growth ETF by 0.9% during the 1st quarter. Orin Green Financial LLC now owns 8,767 shares of the company’s stock valued at $1,123,000 after purchasing an additional 80 shares during the last quarter. Finally, Clearwave Capital LLC boosted its position in iShares Russell Mid-Cap Growth ETF by 2.5% during the first quarter. Clearwave Capital LLC now owns 6,686 shares of the company’s stock worth $857,000 after purchasing an additional 161 shares during the period. 74.49% of the stock is owned by institutional investors and hedge funds.

iShares Russell Mid-Cap Growth ETF Price Performance

NYSEARCA:IWP opened at $141.59 on Thursday. iShares Russell Mid-Cap Growth ETF has a one year low of $122.94 and a one year high of $146.64. The company has a market cap of $20.74 billion, a P/E ratio of 30.48 and a beta of 1.12. The firm’s fifty day moving average price is $140.12 and its two-hundred day moving average price is $137.06.

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.