HighTower Advisors LLC Lowers Holdings in iShares Russell Mid-Cap Growth ETF $IWP

HighTower Advisors LLC trimmed its holdings in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 29.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 235,326 shares of the company’s stock after selling 96,879 shares during the quarter. HighTower Advisors LLC’s holdings in iShares Russell Mid-Cap Growth ETF were worth $32,226,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Richards Merrill & Peterson Inc. purchased a new stake in shares of iShares Russell Mid-Cap Growth ETF during the 4th quarter worth about $25,000. Beaird Harris Wealth Management LLC boosted its stake in shares of iShares Russell Mid-Cap Growth ETF by 125.0% during 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. Imprint Wealth LLC purchased a new stake in shares of iShares Russell Mid-Cap Growth ETF during the 3rd quarter worth about $29,000. Laurel Wealth Advisors LLC purchased a new stake in shares of iShares Russell Mid-Cap Growth ETF during the 4th quarter worth about $30,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in shares of iShares Russell Mid-Cap Growth ETF during the 3rd quarter worth about $39,000. 74.49% of the stock is owned by hedge funds and other institutional investors.

iShares Russell Mid-Cap Growth ETF Stock Up 1.2%

IWP stock opened at $139.44 on Friday. The company’s 50-day simple moving average is $133.41 and its 200-day simple moving average is $136.15. iShares Russell Mid-Cap Growth ETF has a 52-week low of $122.94 and a 52-week high of $145.60. The firm has a market cap of $20.03 billion, a P/E ratio of 30.48 and a beta of 1.13.

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.