Stone Wealth Partners Buys New Position in iShares Russell Mid-Cap Growth ETF $IWP

Stone Wealth Partners bought a new stake in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 24,224 shares of the company’s stock, valued at approximately $3,317,000. iShares Russell Mid-Cap Growth ETF comprises approximately 3.0% of Stone Wealth Partners’ holdings, making the stock its 9th largest position.

Several other institutional investors have also added to or reduced their stakes in IWP. American Wealth Advisors LLC bought a new position in shares of iShares Russell Mid-Cap Growth ETF in the third quarter worth about $1,954,000. Concurrent Investment Advisors LLC grew its stake in shares of iShares Russell Mid-Cap Growth ETF by 29.8% during the 4th quarter. Concurrent Investment Advisors LLC now owns 16,403 shares of the company’s stock valued at $2,246,000 after acquiring an additional 3,769 shares during the period. AE Wealth Management LLC grew its stake in shares of iShares Russell Mid-Cap Growth ETF by 6.7% during the 4th quarter. AE Wealth Management LLC now owns 95,214 shares of the company’s stock valued at $13,039,000 after acquiring an additional 5,971 shares during the period. Johnson Financial Group Inc. grew its stake in shares of iShares Russell Mid-Cap Growth ETF by 29.7% during the 3rd quarter. Johnson Financial Group Inc. now owns 46,403 shares of the company’s stock valued at $6,608,000 after acquiring an additional 10,615 shares during the period. Finally, BCS Wealth Management purchased a new stake in iShares Russell Mid-Cap Growth ETF in the 4th quarter worth approximately $2,216,000. 74.49% of the stock is currently owned by institutional investors.

iShares Russell Mid-Cap Growth ETF Trading Up 1.0%

NYSEARCA IWP opened at $141.95 on Friday. iShares Russell Mid-Cap Growth ETF has a 12 month low of $122.94 and a 12 month high of $145.60. The stock has a market cap of $20.39 billion, a price-to-earnings ratio of 30.48 and a beta of 1.13. The company’s 50 day moving average is $137.98 and its two-hundred day moving average is $136.65.

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.