Accredited Investors Inc. Reduces Stock Holdings in iShares Russell Mid-Cap Growth ETF $IWP

Accredited Investors Inc. lowered its stake in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 5.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 176,108 shares of the company’s stock after selling 10,931 shares during the period. iShares Russell Mid-Cap Growth ETF accounts for approximately 1.2% of Accredited Investors Inc.’s holdings, making the stock its 17th biggest holding. Accredited Investors Inc.’s holdings in iShares Russell Mid-Cap Growth ETF were worth $22,563,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in IWP. Richards Merrill & Peterson Inc. purchased a new stake in iShares Russell Mid-Cap Growth ETF in the fourth quarter worth about $25,000. CNB Bank grew its holdings in shares of iShares Russell Mid-Cap Growth ETF by 478.8% during the 4th quarter. CNB Bank now owns 191 shares of the company’s stock worth $26,000 after acquiring an additional 158 shares during the period. Beaird Harris Wealth Management LLC raised its position 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 acquiring an additional 110 shares in the last quarter. Hilton Head Capital Partners LLC bought a new position in shares of iShares Russell Mid-Cap Growth ETF in the 4th quarter worth approximately $27,000. Finally, Imprint Wealth LLC purchased a new position in shares of iShares Russell Mid-Cap Growth ETF in the 3rd quarter valued at approximately $29,000. 74.49% of the stock is owned by hedge funds and other institutional investors.

iShares Russell Mid-Cap Growth ETF Stock Up 1.6%

NYSEARCA IWP opened at $143.91 on Friday. The firm has a market capitalization of $21.08 billion, a PE ratio of 30.48 and a beta of 1.12. The stock’s 50 day moving average is $140.32 and its 200 day moving average is $137.09. iShares Russell Mid-Cap Growth ETF has a twelve month low of $122.94 and a twelve month high of $146.64.

iShares Russell Mid-Cap Growth ETF Company 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.