Flagstar Advisors Inc. Reduces Position in iShares Russell Mid-Cap Growth ETF $IWP

Flagstar Advisors Inc. trimmed its position in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 80.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,615 shares of the company’s stock after selling 10,542 shares during the quarter. Flagstar Advisors Inc.’s holdings in iShares Russell Mid-Cap Growth ETF were worth $358,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. First Citizens Bank & Trust Co. increased its stake in iShares Russell Mid-Cap Growth ETF by 14.2% in the third quarter. First Citizens Bank & Trust Co. now owns 1,697,745 shares of the company’s stock worth $241,776,000 after purchasing an additional 211,174 shares during the period. First Horizon Corp purchased a new stake in shares of iShares Russell Mid-Cap Growth ETF during the third quarter valued at $6,143,000. Allspring Global Investments Holdings LLC grew its holdings in shares of iShares Russell Mid-Cap Growth ETF by 207.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 10,610 shares of the company’s stock worth $1,506,000 after purchasing an additional 7,154 shares during the last quarter. American Wealth Advisors LLC bought a new position in shares of iShares Russell Mid-Cap Growth ETF in the third quarter worth about $1,954,000. Finally, Mechanics Bank Trust Department increased its stake in iShares Russell Mid-Cap Growth ETF by 11.3% in the 3rd quarter. Mechanics Bank Trust Department now owns 135,359 shares of the company’s stock worth $19,276,000 after buying an additional 13,692 shares during the period. Hedge funds and other institutional investors own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Price Performance

Shares of IWP opened at $127.81 on Friday. iShares Russell Mid-Cap Growth ETF has a 1-year low of $99.85 and a 1-year high of $145.60. The company has a 50-day moving average of $134.93 and a 200 day moving average of $138.58. The firm has a market capitalization of $18.75 billion, a price-to-earnings ratio of 30.48 and a beta of 1.15.

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.