Processus Wealth & Capital Management LLC Has $4.48 Million Stake in iShares Russell Mid-Cap Growth ETF $IWP

Processus Wealth & Capital Management LLC boosted its stake in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 25.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,460 shares of the company’s stock after acquiring an additional 6,291 shares during the quarter. iShares Russell Mid-Cap Growth ETF accounts for 3.2% of Processus Wealth & Capital Management LLC’s portfolio, making the stock its 11th largest position. Processus Wealth & Capital Management LLC’s holdings in iShares Russell Mid-Cap Growth ETF were worth $4,480,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Investment Partners LTD. increased its position in shares of iShares Russell Mid-Cap Growth ETF by 6.2% in the second quarter. Investment Partners LTD. now owns 40,415 shares of the company’s stock valued at $5,605,000 after acquiring an additional 2,371 shares during the last quarter. First Citizens Bank & Trust Co. boosted its position in iShares Russell Mid-Cap Growth ETF by 14.2% during the third quarter. First Citizens Bank & Trust Co. now owns 1,697,745 shares of the company’s stock valued at $241,776,000 after purchasing an additional 211,174 shares during the last quarter. DAVENPORT & Co LLC grew its stake in iShares Russell Mid-Cap Growth ETF by 35.0% in the second quarter. DAVENPORT & Co LLC now owns 5,918 shares of the company’s stock valued at $821,000 after purchasing an additional 1,535 shares in the last quarter. Atlantic Union Bankshares Corp grew its stake in iShares Russell Mid-Cap Growth ETF by 212.5% in the second quarter. Atlantic Union Bankshares Corp now owns 19,361 shares of the company’s stock valued at $2,685,000 after purchasing an additional 13,165 shares in the last quarter. Finally, Advyzon Investment Management LLC acquired a new position in shares of iShares Russell Mid-Cap Growth ETF during the 2nd quarter worth approximately $419,000. 74.49% of the stock is owned by institutional investors and hedge funds.

iShares Russell Mid-Cap Growth ETF Stock Up 0.4%

Shares of iShares Russell Mid-Cap Growth ETF stock opened at $136.15 on Tuesday. The stock has a market cap of $20.15 billion, a P/E ratio of 30.48 and a beta of 1.15. iShares Russell Mid-Cap Growth ETF has a 12-month low of $99.85 and a 12-month high of $145.60. The business’s 50 day moving average is $139.13 and its 200-day moving average is $140.53.

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.