Sowell Financial Services LLC Increases Stock Position in iShares Russell Mid-Cap Growth ETF $IWP

Sowell Financial Services LLC boosted its holdings in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 16.1% in the third quarter, Holdings Channel reports. The institutional investor owned 68,118 shares of the company’s stock after acquiring an additional 9,455 shares during the quarter. Sowell Financial Services LLC’s holdings in iShares Russell Mid-Cap Growth ETF were worth $9,701,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Arcadia Investment Management Corp MI boosted its holdings in shares of iShares Russell Mid-Cap Growth ETF by 0.9% in the second quarter. Arcadia Investment Management Corp MI now owns 8,425 shares of the company’s stock worth $1,168,000 after acquiring an additional 75 shares during the period. Belpointe Asset Management LLC boosted its stake in iShares Russell Mid-Cap Growth ETF by 0.8% in the 2nd quarter. Belpointe Asset Management LLC now owns 10,613 shares of the company’s stock worth $1,472,000 after purchasing an additional 82 shares during the period. Investmark Advisory Group LLC boosted its stake in iShares Russell Mid-Cap Growth ETF by 1.5% in the 1st quarter. Investmark Advisory Group LLC now owns 5,821 shares of the company’s stock worth $684,000 after purchasing an additional 85 shares during the period. Consolidated Portfolio Review Corp grew its holdings in iShares Russell Mid-Cap Growth ETF by 5.0% during the 2nd quarter. Consolidated Portfolio Review Corp now owns 1,882 shares of the company’s stock valued at $261,000 after buying an additional 89 shares in the last quarter. Finally, WealthCare Investment Partners LLC increased its position in shares of iShares Russell Mid-Cap Growth ETF by 2.0% during the second quarter. WealthCare Investment Partners LLC now owns 4,541 shares of the company’s stock valued at $636,000 after buying an additional 90 shares during the period. Institutional investors own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Trading Down 0.1%

Shares of iShares Russell Mid-Cap Growth ETF stock opened at $139.66 on Friday. The company’s 50-day moving average price is $139.10 and its 200-day moving average price is $140.11. iShares Russell Mid-Cap Growth ETF has a 12-month low of $99.85 and a 12-month high of $145.60. The company has a market cap of $20.41 billion, a price-to-earnings ratio of 30.48 and a beta of 1.15.

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.