Baer Investment Advisory LLC Invests $1.20 Million in iShares Russell Mid-Cap Growth ETF $IWP

Baer Investment Advisory LLC bought a new stake in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) in the first quarter, HoldingsChannel.com reports. The institutional investor bought 9,398 shares of the company’s stock, valued at approximately $1,204,000.

Other institutional investors have also made changes to their positions in the company. Richards Merrill & Peterson Inc. acquired a new position in iShares Russell Mid-Cap Growth ETF during the 4th quarter worth about $25,000. CNB Bank raised 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 worth $26,000 after acquiring an additional 158 shares during the last quarter. Beaird Harris Wealth Management LLC raised 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 worth $28,000 after acquiring an additional 110 shares during the last quarter. Hilton Head Capital Partners LLC acquired a new position in shares of iShares Russell Mid-Cap Growth ETF during the fourth quarter worth approximately $27,000. Finally, Imprint Wealth LLC acquired a new position in shares of iShares Russell Mid-Cap Growth ETF during the third quarter worth approximately $29,000. 74.49% of the stock is owned by institutional investors.

iShares Russell Mid-Cap Growth ETF Price Performance

IWP opened at $142.96 on Friday. The stock has a market capitalization of $21.05 billion, a P/E ratio of 30.48 and a beta of 1.12. The company’s 50 day simple moving average is $139.72 and its 200-day simple moving average is $136.95. iShares Russell Mid-Cap Growth ETF has a one year low of $122.94 and a one year high of $146.64.

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.