iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) Shares Sold by Independent Advisor Alliance

Independent Advisor Alliance cut its stake in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 84.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,745 shares of the company’s stock after selling 14,628 shares during the quarter. Independent Advisor Alliance’s holdings in iShares Russell Mid-Cap Growth ETF were worth $323,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pacific Life Fund Advisors LLC acquired a new stake in shares of iShares Russell Mid-Cap Growth ETF during the 1st quarter worth about $89,345,000. Financial Advisory Corp acquired a new stake in shares of iShares Russell Mid-Cap Growth ETF during the 4th quarter worth about $93,272,000. Truist Financial Corp increased its position in shares of iShares Russell Mid-Cap Growth ETF by 77.7% during the 1st quarter. Truist Financial Corp now owns 1,260,419 shares of the company’s stock worth $148,087,000 after purchasing an additional 551,089 shares during the last quarter. Zions Bancorporation National Association UT acquired a new stake in shares of iShares Russell Mid-Cap Growth ETF during the 1st quarter worth about $59,221,000. Finally, Focus Partners Wealth increased its position in shares of iShares Russell Mid-Cap Growth ETF by 670.9% during the 4th quarter. Focus Partners Wealth now owns 435,849 shares of the company’s stock worth $55,293,000 after purchasing an additional 379,314 shares during the last quarter. 74.49% of the stock is owned by institutional investors and hedge funds.

iShares Russell Mid-Cap Growth ETF Trading Up 0.1%

Shares of NYSEARCA:IWP opened at $139.86 on Friday. The business has a 50-day moving average price of $138.61 and a 200 day moving average price of $129.81. The company has a market capitalization of $20.00 billion, a price-to-earnings ratio of 30.48 and a beta of 1.10. iShares Russell Mid-Cap Growth ETF has a 12-month low of $99.85 and a 12-month high of $143.83.

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).