Cambridge Investment Research Advisors Inc. Has $34.60 Million Stock Position in iShares Russell Mid-Cap Growth ETF $IWP

Cambridge Investment Research Advisors Inc. trimmed its position in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 9.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 252,692 shares of the company’s stock after selling 26,820 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in iShares Russell Mid-Cap Growth ETF were worth $34,604,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Richards Merrill & Peterson Inc. acquired a new position in shares of iShares Russell Mid-Cap Growth ETF in the fourth quarter worth about $25,000. Beaird Harris Wealth Management LLC boosted its holdings in shares of iShares Russell Mid-Cap Growth ETF by 125.0% in the third quarter. Beaird Harris Wealth Management LLC now owns 198 shares of the company’s stock worth $28,000 after buying an additional 110 shares during the period. Imprint Wealth LLC acquired a new position in shares of iShares Russell Mid-Cap Growth ETF in the third quarter worth about $29,000. Laurel Wealth Advisors LLC acquired a new position in shares of iShares Russell Mid-Cap Growth ETF in the 4th quarter valued at about $30,000. Finally, City State Bank purchased a new stake in shares of iShares Russell Mid-Cap Growth ETF in the fourth quarter worth approximately $38,000. 74.49% of the stock is currently owned by institutional investors and hedge funds.

iShares Russell Mid-Cap Growth ETF Stock Performance

IWP stock opened at $136.12 on Monday. The stock has a market cap of $19.55 billion, a P/E ratio of 30.48 and a beta of 1.13. The firm has a 50 day simple moving average of $133.11 and a 200 day simple moving average of $136.29. iShares Russell Mid-Cap Growth ETF has a 52 week low of $122.94 and a 52 week high of $145.60.

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.