iShares Russell Mid-Cap Growth ETF $IWP Stock: First Command Advisory Services Inc. Decreases Position

First Command Advisory Services Inc. decreased its position in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 99.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 38,238 shares of the company’s stock after selling 3,903,437 shares during the period. First Command Advisory Services Inc.’s holdings in iShares Russell Mid-Cap Growth ETF were worth $5,265,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Hilton Head Capital Partners LLC acquired a new position in shares of iShares Russell Mid-Cap Growth ETF during the 3rd quarter worth $28,000. McIlrath & Eck LLC purchased a new stake in shares of iShares Russell Mid-Cap Growth ETF in the 1st quarter worth about $26,000. Laurel Wealth Advisors LLC purchased a new stake in shares of iShares Russell Mid-Cap Growth ETF in the 3rd quarter worth about $31,000. Allied Private Wealth LLC acquired a new stake in iShares Russell Mid-Cap Growth ETF in the 2nd quarter valued at about $32,000. Finally, Ashton Thomas Securities LLC acquired a new stake in iShares Russell Mid-Cap Growth ETF in the 1st quarter valued at about $30,000. Hedge funds and other institutional investors own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Trading Up 2.1%

Shares of NYSEARCA IWP opened at $131.64 on Thursday. The company’s 50-day moving average price is $136.39 and its 200 day moving average price is $137.33. iShares Russell Mid-Cap Growth ETF has a 52 week low of $122.40 and a 52 week high of $148.29. The stock has a market cap of $18.49 billion, a price-to-earnings ratio of 27.78 and a beta of 1.13.

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.