Parkway Wealth Management Group LLC Buys 22,151 Shares of iShares Russell Mid-Cap Growth ETF $IWP

Parkway Wealth Management Group LLC lifted its position in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 13.7% during the 1st quarter, Holdings Channel reports. The firm owned 184,131 shares of the company’s stock after buying an additional 22,151 shares during the quarter. iShares Russell Mid-Cap Growth ETF makes up 3.1% of Parkway Wealth Management Group LLC’s investment portfolio, making the stock its 10th biggest holding. Parkway Wealth Management Group LLC’s holdings in iShares Russell Mid-Cap Growth ETF were worth $24,197,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Richards Merrill & Peterson Inc. bought a new position in shares of iShares Russell Mid-Cap Growth ETF in the fourth quarter valued at about $25,000. CNB Bank boosted its stake in 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 last quarter. Beaird Harris Wealth Management LLC grew its holdings in iShares Russell Mid-Cap Growth ETF by 125.0% during the 3rd 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 period. Hilton Head Capital Partners LLC bought a new stake in shares of iShares Russell Mid-Cap Growth ETF during the 4th quarter valued at $27,000. Finally, Imprint Wealth LLC bought a new stake in shares of iShares Russell Mid-Cap Growth ETF during the 3rd quarter valued at $29,000. 74.49% of the stock is owned by institutional investors and hedge funds.

iShares Russell Mid-Cap Growth ETF Stock Down 0.1%

IWP stock opened at $141.13 on Friday. The business’s fifty day moving average is $138.86 and its 200-day moving average is $136.75. The company has a market cap of $20.27 billion, a P/E ratio of 30.48 and a beta of 1.13. iShares Russell Mid-Cap Growth ETF has a twelve month low of $122.94 and a twelve month 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.