Envestnet Portfolio Solutions Inc. Has $198.04 Million Stock Holdings in iShares Russell Mid-Cap Growth ETF $IWP

Envestnet Portfolio Solutions Inc. decreased its holdings in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 17.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,352,671 shares of the company’s stock after selling 294,918 shares during the quarter. iShares Russell Mid-Cap Growth ETF makes up approximately 0.9% of Envestnet Portfolio Solutions Inc.’s holdings, making the stock its 26th largest holding. Envestnet Portfolio Solutions Inc.’s holdings in iShares Russell Mid-Cap Growth ETF were worth $198,045,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in IWP. Envestnet Asset Management Inc. increased its holdings in iShares Russell Mid-Cap Growth ETF by 1.6% in the second quarter. Envestnet Asset Management Inc. now owns 5,866,456 shares of the company’s stock valued at $858,908,000 after purchasing an additional 93,924 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in iShares Russell Mid-Cap Growth ETF by 3.7% during the second quarter. Sequoia Financial Advisors LLC now owns 21,867 shares of the company’s stock worth $3,201,000 after buying an additional 787 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in shares of iShares Russell Mid-Cap Growth ETF by 18.1% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 13,442 shares of the company’s stock worth $1,968,000 after buying an additional 2,058 shares during the period. RFG Advisory LLC grew its position in shares of iShares Russell Mid-Cap Growth ETF by 18.5% during the 2nd quarter. RFG Advisory LLC now owns 4,995 shares of the company’s stock worth $731,000 after buying an additional 781 shares during the period. Finally, Pointe Capital Management LLC increased its stake in shares of iShares Russell Mid-Cap Growth ETF by 5.8% in the 2nd quarter. Pointe Capital Management LLC now owns 22,524 shares of the company’s stock valued at $3,298,000 after acquiring an additional 1,232 shares during the last quarter. Institutional investors and hedge funds own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Trading Down 0.8%

Shares of NYSEARCA:IWP traded down $1.05 during mid-day trading on Wednesday, reaching $138.85. The stock had a trading volume of 471,964 shares, compared to its average volume of 880,811. The firm has a market cap of $19.51 billion, a PE ratio of 30.48 and a beta of 1.12. The firm has a 50 day simple moving average of $140.21 and a two-hundred day simple moving average of $138.03. iShares Russell Mid-Cap Growth ETF has a twelve month low of $122.94 and a twelve month high of $148.29.

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.