Marin Bay Wealth Advisors LLC lessened its stake in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP – Free Report) by 64.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 2,809 shares of the company’s stock after selling 5,087 shares during the period. Marin Bay Wealth Advisors LLC’s holdings in iShares Russell Mid-Cap Growth ETF were worth $360,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Phillip James Consulting Co. acquired a new position in shares of iShares Russell Mid-Cap Growth ETF in the 1st quarter worth $437,000. Pacific Sun Financial Corp lifted its holdings in shares of iShares Russell Mid-Cap Growth ETF by 5.0% during the first quarter. Pacific Sun Financial Corp now owns 2,538 shares of the company’s stock valued at $325,000 after purchasing an additional 120 shares during the last quarter. Cassaday & Co Wealth Management LLC boosted its position in shares of iShares Russell Mid-Cap Growth ETF by 1.9% in the 1st quarter. Cassaday & Co Wealth Management LLC now owns 2,184,734 shares of the company’s stock valued at $279,908,000 after purchasing an additional 41,659 shares during the period. JMG Financial Group Ltd. boosted its position in shares of iShares Russell Mid-Cap Growth ETF by 1.0% in the 1st quarter. JMG Financial Group Ltd. now owns 114,619 shares of the company’s stock valued at $14,685,000 after purchasing an additional 1,099 shares during the period. Finally, MWA Asset Management increased its stake in iShares Russell Mid-Cap Growth ETF by 1.2% in the 1st quarter. MWA Asset Management now owns 14,838 shares of the company’s stock worth $1,901,000 after purchasing an additional 180 shares in the last quarter. Institutional investors and hedge funds own 74.49% of the company’s stock.
iShares Russell Mid-Cap Growth ETF Trading Up 1.5%
Shares of IWP opened at $139.64 on Wednesday. The business’s 50-day moving average price is $140.76 and its 200 day moving average price is $137.12. The stock has a market capitalization of $20.42 billion, a P/E ratio of 30.48 and a beta of 1.12. iShares Russell Mid-Cap Growth ETF has a 1-year low of $122.94 and a 1-year high of $146.64.
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.
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