iShares Russell Mid-Cap Growth ETF $IWP Shares Sold by Summit Wealth Group LLC Co.

Summit Wealth Group LLC Co. reduced its position in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 5.9% during the third quarter, HoldingsChannel reports. The firm owned 61,846 shares of the company’s stock after selling 3,853 shares during the period. Summit Wealth Group LLC Co.’s holdings in iShares Russell Mid-Cap Growth ETF were worth $8,515,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its stake in iShares Russell Mid-Cap Growth ETF by 1.6% during the second 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 boosted 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 valued at $279,908,000 after acquiring an additional 41,659 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted 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 valued at $217,650,000 after acquiring an additional 71,020 shares during the last quarter. Stephens Group Asset Management LLC grew its holdings in 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 worth $87,282,000 after acquiring an additional 70,933 shares during the period. Finally, Fifth Third Bancorp grew its holdings in 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 worth $65,470,000 after acquiring an additional 309,058 shares during the period. 74.49% of the stock is currently owned by institutional investors and hedge funds.

iShares Russell Mid-Cap Growth ETF Trading Down 1.2%

IWP stock opened at $130.10 on Tuesday. The stock has a 50-day moving average price of $138.19 and a 200-day moving average price of $137.74. iShares Russell Mid-Cap Growth ETF has a 1-year low of $122.94 and a 1-year high of $148.29. The firm has a market cap of $18.30 billion, a PE 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.