Allworth Financial LP Buys 131,550 Shares of iShares Russell Mid-Cap Growth ETF $IWP

Allworth Financial LP raised its stake in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 1,744.9% during the fourth quarter, Holdings Channel reports. The fund owned 139,089 shares of the company’s stock after buying an additional 131,550 shares during the period. Allworth Financial LP’s holdings in iShares Russell Mid-Cap Growth ETF were worth $19,047,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Richards Merrill & Peterson Inc. purchased a new position in shares of iShares Russell Mid-Cap Growth ETF during the 4th quarter valued at $25,000. Beaird Harris Wealth Management LLC increased its holdings in iShares Russell Mid-Cap Growth ETF by 125.0% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 198 shares of the company’s stock worth $28,000 after acquiring an additional 110 shares during the last quarter. Imprint Wealth LLC bought a new stake in iShares Russell Mid-Cap Growth ETF in the 3rd quarter valued at about $29,000. Laurel Wealth Advisors LLC purchased a new stake in shares of iShares Russell Mid-Cap Growth ETF during the 4th quarter valued at approximately $30,000. Finally, Ashton Thomas Securities LLC purchased a new position in iShares Russell Mid-Cap Growth ETF during the 3rd quarter valued at about $34,000. 74.49% of the stock is currently owned by institutional investors.

iShares Russell Mid-Cap Growth ETF Trading Up 0.9%

Shares of NYSEARCA:IWP opened at $137.60 on Friday. The company has a 50 day moving average of $133.12 and a 200 day moving average of $136.35. The stock has a market cap of $19.77 billion, a P/E ratio of 30.48 and a beta of 1.13. iShares Russell Mid-Cap Growth ETF has a 12 month low of $122.94 and a 12 month 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.