Diversify Wealth Management LLC Makes New Investment in iShares Russell Mid-Cap Growth ETF $IWP

Diversify Wealth Management LLC purchased a new position in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,221 shares of the company’s stock, valued at approximately $563,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Richards Merrill & Peterson Inc. acquired a new stake in iShares Russell Mid-Cap Growth ETF in the 4th quarter valued at about $25,000. CNB Bank boosted its stake in iShares Russell Mid-Cap Growth ETF by 478.8% during the 4th quarter. CNB Bank now owns 191 shares of the company’s stock valued at $26,000 after acquiring an additional 158 shares during the last quarter. Beaird Harris Wealth Management LLC lifted its position in shares of iShares Russell Mid-Cap Growth ETF by 125.0% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 198 shares of the company’s stock worth $28,000 after buying an additional 110 shares during the last quarter. Hilton Head Capital Partners LLC acquired a new stake in shares of iShares Russell Mid-Cap Growth ETF in the 4th quarter worth about $27,000. Finally, Imprint Wealth LLC bought a new stake in shares of iShares Russell Mid-Cap Growth ETF during the third quarter valued at approximately $29,000. Hedge funds and other institutional investors own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Price Performance

Shares of NYSEARCA:IWP opened at $137.59 on Friday. The stock has a market cap of $20.16 billion, a price-to-earnings ratio of 30.48 and a beta of 1.12. The stock’s 50 day moving average price is $140.70 and its 200 day moving average price is $137.13. iShares Russell Mid-Cap Growth ETF has a 12 month low of $122.94 and a 12 month 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.