Align Financial LLC Takes $38.44 Million Position in iShares Russell Mid-Cap Growth ETF $IWP

Align Financial LLC bought a new stake in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 280,727 shares of the company’s stock, valued at approximately $38,443,000. Align Financial LLC owned about 0.19% of iShares Russell Mid-Cap Growth ETF as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. Investmark Advisory Group LLC lifted its holdings in shares of iShares Russell Mid-Cap Growth ETF by 1.4% during the fourth quarter. Investmark Advisory Group LLC now owns 5,395 shares of the company’s stock valued at $739,000 after purchasing an additional 74 shares during the last quarter. Willner & Heller LLC lifted its holdings in shares of iShares Russell Mid-Cap Growth ETF by 0.7% during the fourth quarter. Willner & Heller LLC now owns 11,602 shares of the company’s stock valued at $1,589,000 after purchasing an additional 82 shares during the last quarter. BCGM Wealth Management LLC lifted its holdings in shares of iShares Russell Mid-Cap Growth ETF by 3.2% during the third quarter. BCGM Wealth Management LLC now owns 2,684 shares of the company’s stock valued at $382,000 after purchasing an additional 84 shares during the last quarter. Moneco Advisors LLC lifted its holdings in shares of iShares Russell Mid-Cap Growth ETF by 1.0% during the fourth quarter. Moneco Advisors LLC now owns 8,562 shares of the company’s stock valued at $1,172,000 after purchasing an additional 85 shares during the last quarter. Finally, Procyon Advisors LLC lifted its holdings in shares of iShares Russell Mid-Cap Growth ETF by 0.6% during the fourth quarter. Procyon Advisors LLC now owns 14,508 shares of the company’s stock valued at $1,987,000 after purchasing an additional 86 shares during 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

IWP stock opened at $140.61 on Thursday. The firm has a 50 day moving average price of $137.72 and a 200-day moving average price of $136.63. iShares Russell Mid-Cap Growth ETF has a 52-week low of $122.94 and a 52-week high of $145.60. The firm has a market capitalization of $20.20 billion, a price-to-earnings ratio of 30.48 and a beta of 1.13.

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.