LWM Advisory Services LLC Takes $1.71 Million Position in iShares Russell Mid-Cap Growth ETF $IWP

LWM Advisory Services LLC acquired a new stake in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 12,011 shares of the company’s stock, valued at approximately $1,710,000. iShares Russell Mid-Cap Growth ETF comprises approximately 1.0% of LWM Advisory Services LLC’s portfolio, making the stock its 20th biggest position.

A number of other large investors have also recently made changes to their positions in IWP. Jones Financial Companies Lllp increased its stake in iShares Russell Mid-Cap Growth ETF by 6.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 5,577,746 shares of the company’s stock worth $794,992,000 after buying an additional 345,906 shares during the period. Envestnet Asset Management Inc. lifted its holdings in iShares Russell Mid-Cap Growth ETF by 171.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 5,397,376 shares of the company’s stock valued at $768,640,000 after buying an additional 3,406,598 shares in the last quarter. First Command Advisory Services Inc. boosted its position in iShares Russell Mid-Cap Growth ETF by 80,392.3% in the 3rd quarter. First Command Advisory Services Inc. now owns 3,554,538 shares of the company’s stock valued at $506,202,000 after buying an additional 3,550,122 shares during the period. Ameriprise Financial Inc. boosted its position in iShares Russell Mid-Cap Growth ETF by 1.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,551,080 shares of the company’s stock valued at $363,274,000 after buying an additional 26,261 shares during the period. Finally, UBS Group AG grew its stake in iShares Russell Mid-Cap Growth ETF by 1.4% in the 3rd quarter. UBS Group AG now owns 2,315,376 shares of the company’s stock worth $329,733,000 after acquiring an additional 31,610 shares in the last quarter. 74.49% of the stock is owned by hedge funds and other institutional investors.

iShares Russell Mid-Cap Growth ETF Stock Performance

Shares of NYSEARCA:IWP opened at $132.35 on Wednesday. The firm has a market cap of $19.42 billion, a PE ratio of 30.48 and a beta of 1.15. The firm’s 50 day simple moving average is $136.51 and its 200-day simple moving average is $139.15. iShares Russell Mid-Cap Growth ETF has a one year low of $99.85 and a one year high of $145.60.

iShares Russell Mid-Cap Growth ETF Company 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.