iShares Russell Mid-Cap Growth ETF $IWP Stock: USAdvisors Wealth Management LLC Increases Stake

USAdvisors Wealth Management LLC lifted its holdings in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 8.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,573 shares of the company’s stock after purchasing an additional 5,965 shares during the quarter. iShares Russell Mid-Cap Growth ETF accounts for about 2.9% of USAdvisors Wealth Management LLC’s portfolio, making the stock its 7th biggest position. USAdvisors Wealth Management LLC’s holdings in iShares Russell Mid-Cap Growth ETF were worth $10,129,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. McIlrath & Eck LLC bought a new position in shares of iShares Russell Mid-Cap Growth ETF during the 1st quarter valued at about $26,000. Signature Resources Capital Management LLC grew its position in shares of iShares Russell Mid-Cap Growth ETF by 83.6% in the 1st quarter. Signature Resources Capital Management LLC now owns 224 shares of the company’s stock valued at $29,000 after purchasing an additional 102 shares during the period. Allied Private Wealth LLC bought a new stake in iShares Russell Mid-Cap Growth ETF during the 2nd quarter worth approximately $32,000. Ashton Thomas Securities LLC bought a new stake in iShares Russell Mid-Cap Growth ETF during the 1st quarter worth approximately $30,000. Finally, Your Advocates Ltd. LLP increased its stake in iShares Russell Mid-Cap Growth ETF by 2,866.7% during the 1st quarter. Your Advocates Ltd. LLP now owns 267 shares of the company’s stock worth $34,000 after purchasing an additional 258 shares in the last quarter. Institutional investors own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Stock Performance

Shares of IWP stock opened at $136.88 on Thursday. The company has a market capitalization of $19.27 billion, a P/E ratio of 30.48 and a beta of 1.13. The company’s 50 day moving average price is $139.89 and its two-hundred day moving average price is $139.32. iShares Russell Mid-Cap Growth ETF has a 52 week low of $122.94 and a 52 week high of $148.29.

iShares Russell Mid-Cap Growth ETF 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.