iShares Russell Mid-Cap Growth ETF $IWP is Southern Capital Advisors LLC’s 5th Largest Position

Southern Capital Advisors LLC increased its stake in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 11.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 99,763 shares of the company’s stock after buying an additional 10,501 shares during the quarter. iShares Russell Mid-Cap Growth ETF comprises 6.0% of Southern Capital Advisors LLC’s portfolio, making the stock its 5th largest position. Southern Capital Advisors LLC owned about 0.07% of iShares Russell Mid-Cap Growth ETF worth $12,782,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Evolve Private Wealth LLC acquired a new position in iShares Russell Mid-Cap Growth ETF during the 1st quarter worth approximately $423,000. Allegheny Financial Group boosted its holdings in iShares Russell Mid-Cap Growth ETF by 3.3% in the 1st quarter. Allegheny Financial Group now owns 17,172 shares of the company’s stock worth $2,200,000 after acquiring an additional 552 shares during the period. Triad Wealth Partners LLC acquired a new stake in iShares Russell Mid-Cap Growth ETF in the first quarter valued at approximately $268,000. Park National Corp OH acquired a new stake in iShares Russell Mid-Cap Growth ETF in the first quarter valued at approximately $992,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of iShares Russell Mid-Cap Growth ETF during the fourth quarter valued at approximately $23,113,000. 74.49% of the stock is currently owned by hedge funds and other institutional investors.

iShares Russell Mid-Cap Growth ETF Stock Performance

NYSEARCA IWP opened at $141.95 on Monday. The company’s fifty day simple moving average is $138.16 and its 200-day simple moving average is $136.68. iShares Russell Mid-Cap Growth ETF has a 52 week low of $122.94 and a 52 week high of $145.60. The stock has a market cap of $20.39 billion, a P/E ratio of 30.48 and a beta of 1.13.

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.