Focus Financial Network Inc. Sells 15,875 Shares of iShares Russell Mid-Cap Growth ETF $IWP

Focus Financial Network Inc. decreased its holdings in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 81.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,700 shares of the company’s stock after selling 15,875 shares during the period. Focus Financial Network Inc.’s holdings in iShares Russell Mid-Cap Growth ETF were worth $507,000 at the end of the most recent reporting period.

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

iShares Russell Mid-Cap Growth ETF Stock Performance

Shares of NYSEARCA IWP opened at $124.94 on Friday. The company has a 50 day simple moving average of $134.60 and a two-hundred day simple moving average of $138.45. The company has a market capitalization of $18.33 billion, a price-to-earnings ratio of 30.48 and a beta of 1.15. iShares Russell Mid-Cap Growth ETF has a fifty-two week low of $99.85 and a fifty-two week high of $145.60.

About iShares Russell Mid-Cap 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). 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.