iShares Russell Mid-Cap Growth ETF $IWP Shares Purchased by MAI Capital Management

MAI Capital Management increased its position in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 8.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,791 shares of the company’s stock after purchasing an additional 10,712 shares during the period. MAI Capital Management’s holdings in iShares Russell Mid-Cap Growth ETF were worth $18,554,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Financial Gravity Companies Inc. bought a new stake in shares of iShares Russell Mid-Cap Growth ETF in the 2nd quarter worth $28,000. Federated Hermes Inc. acquired a new position in iShares Russell Mid-Cap Growth ETF during the first quarter worth about $29,000. Ryan Investment Management Inc. acquired a new position in iShares Russell Mid-Cap Growth ETF during the second quarter worth about $36,000. Berkshire Money Management Inc. bought a new stake in iShares Russell Mid-Cap Growth ETF in the second quarter worth about $45,000. Finally, JFS Wealth Advisors LLC lifted its holdings in iShares Russell Mid-Cap Growth ETF by 101.1% in the 2nd quarter. JFS Wealth Advisors LLC now owns 370 shares of the company’s stock valued at $51,000 after acquiring an additional 186 shares during the last quarter. 74.49% of the stock is owned by institutional investors.

iShares Russell Mid-Cap Growth ETF Trading Down 2.2%

NYSEARCA:IWP opened at $131.72 on Friday. The company has a 50-day moving average of $141.52 and a 200-day moving average of $138.84. The firm has a market cap of $19.25 billion, a price-to-earnings ratio of 30.48 and a beta of 1.15. iShares Russell Mid-Cap Growth ETF has a twelve month low of $99.85 and a twelve month high of $145.60.

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).