Global Trust Wealth Management LLC Invests $2.03 Million in iShares Russell Mid-Cap Growth ETF $IWP

Global Trust Wealth Management LLC bought a new position in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,802 shares of the company’s stock, valued at approximately $2,027,000. iShares Russell Mid-Cap Growth ETF makes up 1.5% of Global Trust Wealth Management LLC’s holdings, making the stock its 18th largest position.

A number of other large investors have also made changes to their positions in IWP. Richards Merrill & Peterson Inc. purchased a new position in shares of iShares Russell Mid-Cap Growth ETF in the 4th quarter valued at about $25,000. Beaird Harris Wealth Management LLC increased its holdings 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 valued at $28,000 after purchasing an additional 110 shares in the last quarter. Imprint Wealth LLC purchased a new position in shares of iShares Russell Mid-Cap Growth ETF in the 3rd quarter valued at about $29,000. Clean Yield Group purchased a new position in shares of iShares Russell Mid-Cap Growth ETF in the 3rd quarter valued at about $33,000. Finally, Ashton Thomas Securities LLC purchased a new position in shares of iShares Russell Mid-Cap Growth ETF in the 3rd quarter valued at about $34,000. Hedge funds and other institutional investors own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Stock Down 0.9%

Shares of IWP opened at $137.17 on Wednesday. The company has a 50-day simple moving average of $132.79 and a 200-day simple moving average of $136.99. The company has a market capitalization of $19.71 billion, a PE ratio of 30.48 and a beta of 1.17. iShares Russell Mid-Cap Growth ETF has a 52-week low of $111.32 and a 52-week high of $145.60.

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.