23,280 Shares in iShares Russell Mid-Cap Growth ETF $IWP Bought by Summit Wealth Group LLC Co.

Summit Wealth Group LLC Co. acquired a new position in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 23,280 shares of the company’s stock, valued at approximately $3,188,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Atlantic Union Bankshares Corp raised its holdings in shares of iShares Russell Mid-Cap Growth ETF by 67.7% during the fourth quarter. Atlantic Union Bankshares Corp now owns 32,786 shares of the company’s stock worth $4,490,000 after acquiring an additional 13,236 shares in the last quarter. World Investment Advisors raised its holdings in shares of iShares Russell Mid-Cap Growth ETF by 9.4% during the fourth quarter. World Investment Advisors now owns 8,123 shares of the company’s stock worth $1,112,000 after acquiring an additional 696 shares in the last quarter. Jacksonville Wealth Management LLC purchased a new stake in shares of iShares Russell Mid-Cap Growth ETF during the fourth quarter worth $342,000. Meridian Wealth Management LLC raised its holdings in shares of iShares Russell Mid-Cap Growth ETF by 2.2% during the fourth quarter. Meridian Wealth Management LLC now owns 40,270 shares of the company’s stock worth $5,515,000 after acquiring an additional 855 shares in the last quarter. Finally, Washington Trust Bank raised its holdings in shares of iShares Russell Mid-Cap Growth ETF by 934.5% during the fourth quarter. Washington Trust Bank now owns 165,647 shares of the company’s stock worth $22,684,000 after acquiring an additional 149,634 shares in the last quarter. 74.49% of the stock is currently owned by hedge funds and other institutional investors.

iShares Russell Mid-Cap Growth ETF Trading Down 0.8%

Shares of NYSEARCA:IWP opened at $136.65 on Wednesday. iShares Russell Mid-Cap Growth ETF has a 1 year low of $122.94 and a 1 year high of $145.60. The business has a fifty day simple moving average of $133.08 and a 200 day simple moving average of $136.45. The firm has a market cap of $19.63 billion, a price-to-earnings ratio of 30.48 and a beta of 1.13.

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.