iShares Russell Mid-Cap Growth ETF $IWP Shares Bought by Mainsail Financial Group LLC

Mainsail Financial Group LLC lifted its holdings in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 9.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 67,043 shares of the company’s stock after acquiring an additional 5,510 shares during the period. iShares Russell Mid-Cap Growth ETF accounts for about 3.1% of Mainsail Financial Group LLC’s investment portfolio, making the stock its 12th largest holding. Mainsail Financial Group LLC’s holdings in iShares Russell Mid-Cap Growth ETF were worth $9,231,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in IWP. Envestnet Asset Management Inc. grew its position in shares of iShares Russell Mid-Cap Growth ETF by 1.6% in the second quarter. Envestnet Asset Management Inc. now owns 5,866,456 shares of the company’s stock valued at $858,908,000 after purchasing an additional 93,924 shares during the period. Cassaday & Co Wealth Management LLC lifted its position in iShares Russell Mid-Cap Growth ETF by 1.9% during the first quarter. Cassaday & Co Wealth Management LLC now owns 2,184,734 shares of the company’s stock worth $279,908,000 after buying an additional 41,659 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in iShares Russell Mid-Cap Growth ETF by 5.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,486,576 shares of the company’s stock worth $217,650,000 after buying an additional 71,020 shares during the period. Stephens Group Asset Management LLC lifted its position in iShares Russell Mid-Cap Growth ETF by 12.6% during the third quarter. Stephens Group Asset Management LLC now owns 633,950 shares of the company’s stock worth $87,282,000 after buying an additional 70,933 shares during the period. Finally, Fifth Third Bancorp lifted its position in iShares Russell Mid-Cap Growth ETF by 153.0% during the first quarter. Fifth Third Bancorp now owns 511,007 shares of the company’s stock worth $65,470,000 after buying an additional 309,058 shares during the period. Hedge funds and other institutional investors own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Stock Performance

Shares of NYSEARCA:IWP opened at $132.81 on Monday. The stock’s 50-day moving average price is $139.33 and its two-hundred day moving average price is $139.36. iShares Russell Mid-Cap Growth ETF has a 12-month low of $122.94 and a 12-month high of $148.29. The firm has a market cap of $18.68 billion, a price-to-earnings ratio of 30.48 and a beta of 1.13.

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.