Clearwave Capital LLC Acquires Shares of 6,525 iShares Russell Mid-Cap Growth ETF $IWP

Clearwave Capital LLC purchased a new position in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,525 shares of the company’s stock, valued at approximately $894,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. American Wealth Advisors LLC bought a new position in iShares Russell Mid-Cap Growth ETF in the 3rd quarter valued at about $1,954,000. Concurrent Investment Advisors LLC increased its position in iShares Russell Mid-Cap Growth ETF by 29.8% in the 4th quarter. Concurrent Investment Advisors LLC now owns 16,403 shares of the company’s stock valued at $2,246,000 after acquiring an additional 3,769 shares during the period. AE Wealth Management LLC lifted its stake in shares of iShares Russell Mid-Cap Growth ETF by 6.7% in the fourth quarter. AE Wealth Management LLC now owns 95,214 shares of the company’s stock worth $13,039,000 after acquiring an additional 5,971 shares during the period. Johnson Financial Group Inc. boosted its position in iShares Russell Mid-Cap Growth ETF by 29.7% during the third quarter. Johnson Financial Group Inc. now owns 46,403 shares of the company’s stock valued at $6,608,000 after acquiring an additional 10,615 shares during the last quarter. Finally, BCS Wealth Management acquired a new position in iShares Russell Mid-Cap Growth ETF in the fourth quarter valued at approximately $2,216,000. 74.49% of the stock is owned by institutional investors and hedge funds.

iShares Russell Mid-Cap Growth ETF Price Performance

Shares of IWP opened at $141.95 on Friday. The stock has a market cap of $20.39 billion, a P/E ratio of 30.48 and a beta of 1.13. iShares Russell Mid-Cap Growth ETF has a 12-month low of $122.94 and a 12-month high of $145.60. The business’s fifty day moving average is $138.16 and its 200 day moving average is $136.69.

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.