Envestnet Asset Management Inc. Buys 3,406,598 Shares of iShares Russell Mid-Cap Growth ETF $IWP

Envestnet Asset Management Inc. lifted its stake in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 171.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,397,376 shares of the company’s stock after purchasing an additional 3,406,598 shares during the period. Envestnet Asset Management Inc. owned approximately 3.69% of iShares Russell Mid-Cap Growth ETF worth $768,640,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Investment Partners LTD. lifted its stake in shares of iShares Russell Mid-Cap Growth ETF by 6.2% in the 2nd quarter. Investment Partners LTD. now owns 40,415 shares of the company’s stock valued at $5,605,000 after purchasing an additional 2,371 shares during the period. First Citizens Bank & Trust Co. increased its holdings in iShares Russell Mid-Cap Growth ETF by 14.2% in the third quarter. First Citizens Bank & Trust Co. now owns 1,697,745 shares of the company’s stock valued at $241,776,000 after purchasing an additional 211,174 shares during the last quarter. DAVENPORT & Co LLC lifted its stake in iShares Russell Mid-Cap Growth ETF by 35.0% in the second quarter. DAVENPORT & Co LLC now owns 5,918 shares of the company’s stock valued at $821,000 after buying an additional 1,535 shares during the period. Atlantic Union Bankshares Corp boosted its holdings in iShares Russell Mid-Cap Growth ETF by 212.5% during the second quarter. Atlantic Union Bankshares Corp now owns 19,361 shares of the company’s stock worth $2,685,000 after buying an additional 13,165 shares during the last quarter. Finally, Advyzon Investment Management LLC acquired a new position in shares of iShares Russell Mid-Cap Growth ETF during the 2nd quarter worth about $419,000. Institutional investors own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Price Performance

Shares of IWP stock opened at $134.18 on Wednesday. The stock has a market cap of $19.86 billion, a PE ratio of 30.48 and a beta of 1.15. The stock has a 50-day moving average of $139.07 and a 200-day moving average of $140.49. iShares Russell Mid-Cap Growth ETF has a one year low of $99.85 and a one year high of $145.60.

iShares Russell Mid-Cap Growth ETF Company 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.