Private Advisor Group LLC Has $15.87 Million Position in iShares Russell Mid-Cap Growth ETF $IWP

Private Advisor Group LLC lowered its holdings in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 7.4% during the first quarter, HoldingsChannel.com reports. The fund owned 123,871 shares of the company’s stock after selling 9,845 shares during the period. Private Advisor Group LLC’s holdings in iShares Russell Mid-Cap Growth ETF were worth $15,870,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC grew its stake in shares of iShares Russell Mid-Cap Growth ETF by 2.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 7,370 shares of the company’s stock valued at $934,000 after purchasing an additional 182 shares during the period. AQR Capital Management LLC boosted its stake in iShares Russell Mid-Cap Growth ETF by 59.9% in the 1st quarter. AQR Capital Management LLC now owns 2,868 shares of the company’s stock valued at $337,000 after buying an additional 1,074 shares in the last quarter. First Trust Advisors LP bought a new stake in iShares Russell Mid-Cap Growth ETF in the second quarter valued at $257,000. Qube Research & Technologies Ltd grew its position in iShares Russell Mid-Cap Growth ETF by 22.6% in the second quarter. Qube Research & Technologies Ltd now owns 116,038 shares of the company’s stock valued at $16,092,000 after acquiring an additional 21,353 shares during the period. Finally, Peapack Gladstone Financial Corp grew its position in iShares Russell Mid-Cap Growth ETF by 17.2% in the second quarter. Peapack Gladstone Financial Corp now owns 50,186 shares of the company’s stock valued at $6,960,000 after acquiring an additional 7,376 shares during the period. Institutional investors and hedge funds own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Price Performance

iShares Russell Mid-Cap Growth ETF stock opened at $142.96 on Friday. The firm has a market capitalization of $20.96 billion, a P/E ratio of 30.48 and a beta of 1.12. The stock has a fifty day moving average price of $139.72 and a two-hundred day moving average price of $136.95. iShares Russell Mid-Cap Growth ETF has a 52-week low of $122.94 and a 52-week high of $146.64.

About iShares Russell Mid-Cap Growth ETF

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.