Focus Partners Wealth Boosts Position in iShares Russell Mid-Cap Growth ETF $IWP

Focus Partners Wealth increased its stake in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 14.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 652,159 shares of the company’s stock after buying an additional 80,331 shares during the period. Focus Partners Wealth owned 0.44% of iShares Russell Mid-Cap Growth ETF worth $89,340,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in IWP. Revolve Wealth Partners LLC increased its stake in iShares Russell Mid-Cap Growth ETF by 2.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 7,370 shares of the company’s stock worth $934,000 after buying an additional 182 shares during the period. AQR Capital Management LLC increased its stake in iShares Russell Mid-Cap Growth ETF by 59.9% in the 1st quarter. AQR Capital Management LLC now owns 2,868 shares of the company’s stock worth $337,000 after buying an additional 1,074 shares during the period. First Trust Advisors LP purchased a new position in iShares Russell Mid-Cap Growth ETF in the 2nd quarter worth about $257,000. Qube Research & Technologies Ltd increased its stake in iShares Russell Mid-Cap Growth ETF by 22.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 116,038 shares of the company’s stock worth $16,092,000 after buying an additional 21,353 shares during the period. Finally, Peapack Gladstone Financial Corp increased its stake in iShares Russell Mid-Cap Growth ETF by 17.2% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 50,186 shares of the company’s stock worth $6,960,000 after buying an additional 7,376 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

IWP stock opened at $140.80 on Monday. The company has a market capitalization of $20.23 billion, a PE ratio of 30.48 and a beta of 1.13. iShares Russell Mid-Cap Growth ETF has a 12 month low of $122.94 and a 12 month high of $145.60. The firm’s 50-day moving average is $136.97 and its 200 day moving average is $136.54.

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.