iShares Russell Mid-Cap Growth ETF $IWP Shares Sold by Sowell Financial Services LLC

Sowell Financial Services LLC decreased its stake in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 50.8% during the third quarter, HoldingsChannel.com reports. The fund owned 4,604 shares of the company’s stock after selling 4,758 shares during the period. Sowell Financial Services LLC’s holdings in iShares Russell Mid-Cap Growth ETF were worth $634,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP acquired a new stake in iShares Russell Mid-Cap Growth ETF in the 2nd quarter worth approximately $54,218,000. Fifth Third Bancorp grew its holdings in iShares Russell Mid-Cap Growth ETF by 153.0% during the first quarter. Fifth Third Bancorp now owns 511,007 shares of the company’s stock valued at $65,470,000 after purchasing an additional 309,058 shares during the last quarter. GenWealth Group Inc. acquired a new position in iShares Russell Mid-Cap Growth ETF during the second quarter valued at approximately $30,490,000. Hsbc Holdings PLC acquired a new position in iShares Russell Mid-Cap Growth ETF during the fourth quarter valued at approximately $23,113,000. Finally, Canandaigua National Bank & Trust Co. acquired a new position in iShares Russell Mid-Cap Growth ETF during the second quarter valued at approximately $14,332,000. 74.49% of the stock is owned by institutional investors.

iShares Russell Mid-Cap Growth ETF Stock Down 0.3%

NYSEARCA:IWP opened at $132.81 on Friday. iShares Russell Mid-Cap Growth ETF has a 12 month low of $122.94 and a 12 month high of $148.29. The firm has a market cap of $18.68 billion, a price-to-earnings ratio of 30.48 and a beta of 1.13. The company’s 50 day moving average is $139.33 and its 200-day moving average is $139.30.

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.