Envestnet Portfolio Solutions Inc. Purchases 217,051 Shares of iShares Russell Mid-Cap Growth ETF $IWP

Envestnet Portfolio Solutions Inc. increased its position in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 13.5% in the third quarter, Holdings Channel.com reports. The firm owned 1,821,506 shares of the company’s stock after acquiring an additional 217,051 shares during the period. iShares Russell Mid-Cap Growth ETF comprises approximately 1.0% of Envestnet Portfolio Solutions Inc.’s portfolio, making the stock its 26th largest holding. Envestnet Portfolio Solutions Inc.’s holdings in iShares Russell Mid-Cap Growth ETF were worth $259,401,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of iShares Russell Mid-Cap Growth ETF by 21.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,348,494 shares of the company’s stock worth $187,009,000 after buying an additional 236,001 shares during the last quarter. GenWealth Group Inc. acquired a new stake in iShares Russell Mid-Cap Growth ETF during the 2nd quarter worth $26,668,000. SVB Wealth LLC bought a new stake in shares of iShares Russell Mid-Cap Growth ETF during the 2nd quarter valued at $24,879,000. Cullen Frost Bankers Inc. raised its position in shares of iShares Russell Mid-Cap Growth ETF by 15.8% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 956,036 shares of the company’s stock valued at $132,583,000 after acquiring an additional 130,679 shares during the last quarter. Finally, Midwest Trust Co acquired a new position in shares of iShares Russell Mid-Cap Growth ETF in the 2nd quarter valued at $17,911,000. Institutional investors own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Stock Up 0.6%

NYSEARCA:IWP opened at $140.50 on Friday. iShares Russell Mid-Cap Growth ETF has a 12-month low of $99.85 and a 12-month high of $145.60. The stock’s fifty day simple moving average is $138.58 and its 200-day simple moving average is $140.54. The firm has a market capitalization of $20.94 billion, a P/E ratio of 30.48 and a beta of 1.15.

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.