Nova Wealth Management Inc. Boosts Stock Position in iShares Russell Mid-Cap Growth ETF $IWP

Nova Wealth Management Inc. increased its position in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 249.7% during the 2nd quarter, Holdings Channel.com reports. The fund owned 3,214 shares of the company’s stock after acquiring an additional 2,295 shares during the period. Nova Wealth Management Inc.’s holdings in iShares Russell Mid-Cap Growth ETF were worth $446,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Revolve Wealth Partners LLC boosted its stake in shares of iShares Russell Mid-Cap Growth ETF by 2.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 7,370 shares of the company’s stock valued at $934,000 after purchasing an additional 182 shares during the period. Royal Bank of Canada boosted its position in iShares Russell Mid-Cap Growth ETF by 21.7% in the 4th quarter. Royal Bank of Canada now owns 820,727 shares of the company’s stock valued at $104,027,000 after buying an additional 146,501 shares during the period. Snowden Capital Advisors LLC purchased a new position in iShares Russell Mid-Cap Growth ETF in the 4th quarter valued at approximately $341,000. Strive Asset Management LLC acquired a new position in shares of iShares Russell Mid-Cap Growth ETF in the fourth quarter worth $2,236,000. Finally, St. Clair Advisors LLC acquired a new position in shares of iShares Russell Mid-Cap Growth ETF in the fourth quarter worth $464,000. 74.49% of the stock is currently owned by hedge funds and other institutional investors.

iShares Russell Mid-Cap Growth ETF Price Performance

IWP opened at $144.23 on Friday. The business has a fifty day moving average price of $140.97 and a 200 day moving average price of $130.72. iShares Russell Mid-Cap Growth ETF has a 12 month low of $99.85 and a 12 month high of $145.50. The stock has a market capitalization of $20.62 billion, a price-to-earnings ratio of 30.48 and a beta of 1.10.

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).