61,665 iShares Russell Mid-Cap Growth ETF $IWP Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC reduced its holdings in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 78.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 17,351 shares of the company’s stock after selling 61,665 shares during the quarter. Sterling Capital Management LLC’s holdings in iShares Russell Mid-Cap Growth ETF were worth $2,389,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in IWP. Envestnet Asset Management Inc. boosted its stake in iShares Russell Mid-Cap Growth ETF by 1.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,866,456 shares of the company’s stock worth $858,908,000 after buying an additional 93,924 shares during the last quarter. Cassaday & Co Wealth Management LLC increased its stake in shares of iShares Russell Mid-Cap Growth ETF by 1.9% during 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 acquiring an additional 41,659 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of iShares Russell Mid-Cap Growth ETF by 5.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,486,576 shares of the company’s stock valued at $217,650,000 after acquiring an additional 71,020 shares during the last quarter. Stephens Group Asset Management LLC increased its stake in shares of iShares Russell Mid-Cap Growth ETF by 12.6% during the 3rd quarter. Stephens Group Asset Management LLC now owns 633,950 shares of the company’s stock valued at $87,282,000 after acquiring an additional 70,933 shares during the last quarter. Finally, Fifth Third Bancorp increased its stake in shares of iShares Russell Mid-Cap Growth ETF by 153.0% during the 1st quarter. Fifth Third Bancorp now owns 511,007 shares of the company’s stock valued at $65,470,000 after acquiring an additional 309,058 shares during the last quarter. 74.49% of the stock is currently owned by institutional investors and hedge funds.

iShares Russell Mid-Cap Growth ETF Price Performance

Shares of IWP stock opened at $132.81 on Monday. The firm has a market cap of $18.68 billion, a P/E ratio of 30.48 and a beta of 1.13. iShares Russell Mid-Cap Growth ETF has a 1-year low of $122.94 and a 1-year high of $148.29. The firm’s 50-day simple moving average is $139.33 and its 200-day simple moving average is $139.36.

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.