Beam Wealth Advisors Inc. Buys 4,817 Shares of iShares Russell Mid-Cap Growth ETF $IWP

Beam Wealth Advisors Inc. boosted its stake in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 21.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,842 shares of the company’s stock after purchasing an additional 4,817 shares during the period. iShares Russell Mid-Cap Growth ETF accounts for about 0.9% of Beam Wealth Advisors Inc.’s investment portfolio, making the stock its 28th biggest holding. Beam Wealth Advisors Inc.’s holdings in iShares Russell Mid-Cap Growth ETF were worth $3,439,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of IWP. Richards Merrill & Peterson Inc. bought a new stake in shares of iShares Russell Mid-Cap Growth ETF during the 4th quarter worth approximately $25,000. CNB Bank grew its stake in shares of iShares Russell Mid-Cap Growth ETF by 478.8% in the fourth quarter. CNB Bank now owns 191 shares of the company’s stock valued at $26,000 after buying an additional 158 shares in the last quarter. Beaird Harris Wealth Management LLC grew its stake in shares of iShares Russell Mid-Cap Growth ETF by 125.0% in the third quarter. Beaird Harris Wealth Management LLC now owns 198 shares of the company’s stock valued at $28,000 after buying an additional 110 shares in the last quarter. Hilton Head Capital Partners LLC acquired a new position in iShares Russell Mid-Cap Growth ETF during the fourth quarter worth $27,000. Finally, Imprint Wealth LLC acquired a new position in iShares Russell Mid-Cap Growth ETF during the third quarter worth $29,000. 74.49% of the stock is currently owned by institutional investors.

iShares Russell Mid-Cap Growth ETF Trading Down 0.2%

NYSEARCA IWP opened at $141.59 on Thursday. The firm has a market capitalization of $20.74 billion, a P/E ratio of 30.48 and a beta of 1.12. The firm’s fifty day moving average price is $140.12 and its two-hundred day moving average price is $137.06. iShares Russell Mid-Cap Growth ETF has a 1 year low of $122.94 and a 1 year high of $146.64.

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.