Pure Financial Advisors Inc. cut its stake in iShares Russell Midcap Growth ETF (NYSEARCA:IWP) by 29.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,076 shares of the company’s stock after selling 1,281 shares during the period. Pure Financial Advisors Inc.’s holdings in iShares Russell Midcap Growth ETF were worth $371,000 at the end of the most recent reporting period.

Separately, Renaissance Investment Group LLC acquired a new position in shares of iShares Russell Midcap Growth ETF in the 4th quarter worth approximately $205,000.

iShares Russell Midcap Growth ETF (NYSEARCA:IWP) opened at $124.40 on Thursday. iShares Russell Midcap Growth ETF has a twelve month low of $98.78 and a twelve month high of $125.31. The stock has a market capitalization of $8,480.00 and a P/E ratio of 11.37.

The business also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Friday, December 22nd were issued a $0.2241 dividend. The ex-dividend date of this dividend was Thursday, December 21st. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.72%. iShares Russell Midcap Growth ETF’s payout ratio is presently 8.59%.

COPYRIGHT VIOLATION NOTICE: “Pure Financial Advisors Inc. Sells 1,281 Shares of iShares Russell Midcap Growth ETF (IWP)” was originally published by Watch List News and is owned by of Watch List News. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of US & international trademark and copyright laws. The original version of this piece of content can be viewed at https://www.watchlistnews.com/pure-financial-advisors-inc-sells-1281-shares-of-ishares-russell-midcap-growth-etf-iwp/1802528.html.

About iShares Russell Midcap Growth ETF

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).

Want to see what other hedge funds are holding IWP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Russell Midcap Growth ETF (NYSEARCA:IWP).

Receive News & Ratings for iShares Russell Midcap Growth ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Russell Midcap Growth ETF and related companies with MarketBeat.com's FREE daily email newsletter.