Brookstone Capital Management Sells 4,882 Shares of iShares Russell Mid-Cap Growth ETF $IWP

Brookstone Capital Management cut its stake in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 24.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 14,888 shares of the company’s stock after selling 4,882 shares during the quarter. Brookstone Capital Management’s holdings in iShares Russell Mid-Cap Growth ETF were worth $2,039,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Jones Financial Companies Lllp boosted its holdings in shares of iShares Russell Mid-Cap Growth ETF by 6.6% during the 3rd quarter. Jones Financial Companies Lllp now owns 5,577,746 shares of the company’s stock valued at $794,992,000 after acquiring an additional 345,906 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in iShares Russell Mid-Cap Growth ETF by 171.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 5,397,376 shares of the company’s stock worth $768,640,000 after purchasing an additional 3,406,598 shares in the last quarter. First Command Advisory Services Inc. increased its holdings in iShares Russell Mid-Cap Growth ETF by 80,392.3% in the 3rd quarter. First Command Advisory Services Inc. now owns 3,554,538 shares of the company’s stock worth $506,202,000 after purchasing an additional 3,550,122 shares in the last quarter. Ameriprise Financial Inc. raised its position in iShares Russell Mid-Cap Growth ETF by 1.0% in the third quarter. Ameriprise Financial Inc. now owns 2,551,080 shares of the company’s stock valued at $363,274,000 after purchasing an additional 26,261 shares during the last quarter. Finally, UBS Group AG raised its position in iShares Russell Mid-Cap Growth ETF by 1.4% in the third quarter. UBS Group AG now owns 2,315,376 shares of the company’s stock valued at $329,733,000 after purchasing an additional 31,610 shares during the last quarter. 74.49% of the stock is currently owned by institutional investors.

iShares Russell Mid-Cap Growth ETF Trading Up 0.3%

Shares of IWP stock opened at $129.19 on Friday. The firm has a market capitalization of $18.95 billion, a price-to-earnings ratio of 30.48 and a beta of 1.15. The business’s 50-day moving average price is $133.60 and its 200-day moving average price is $137.98. iShares Russell Mid-Cap Growth ETF has a 12 month low of $99.85 and a 12 month high of $145.60.

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.