MV Capital Management Inc. Buys New Stake in iShares Russell Mid-Cap Growth ETF $IWP

MV Capital Management Inc. acquired a new position in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 27,536 shares of the company’s stock, valued at approximately $3,771,000.

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

iShares Russell Mid-Cap Growth ETF Price Performance

Shares of iShares Russell Mid-Cap Growth ETF stock opened at $141.95 on Friday. The firm’s fifty day simple moving average is $137.98 and its 200-day simple moving average is $136.65. iShares Russell Mid-Cap Growth ETF has a 12 month low of $122.94 and a 12 month high of $145.60. The stock has a market capitalization of $20.39 billion, a price-to-earnings ratio of 30.48 and a beta of 1.13.

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.