Western Wealth Management LLC Raises Holdings in iShares Russell Mid-Cap Growth ETF $IWP

Western Wealth Management LLC lifted its stake in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 84.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 25,449 shares of the company’s stock after acquiring an additional 11,677 shares during the quarter. Western Wealth Management LLC’s holdings in iShares Russell Mid-Cap Growth ETF were worth $3,485,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Allworth Financial LP boosted its stake in shares of iShares Russell Mid-Cap Growth ETF by 1,744.9% in the fourth quarter. Allworth Financial LP now owns 139,089 shares of the company’s stock worth $19,047,000 after buying an additional 131,550 shares during the last quarter. Pacific Sun Financial Corp boosted its stake in shares of iShares Russell Mid-Cap Growth ETF by 3.9% in the fourth quarter. Pacific Sun Financial Corp now owns 2,418 shares of the company’s stock worth $331,000 after buying an additional 90 shares during the last quarter. Atria Investments Inc boosted its stake in shares of iShares Russell Mid-Cap Growth ETF by 90.9% in the fourth quarter. Atria Investments Inc now owns 25,087 shares of the company’s stock worth $3,435,000 after buying an additional 11,944 shares during the last quarter. Moneco Advisors LLC boosted its stake in shares of iShares Russell Mid-Cap Growth ETF by 1.0% in the fourth quarter. Moneco Advisors LLC now owns 8,562 shares of the company’s stock worth $1,172,000 after buying an additional 85 shares during the last quarter. Finally, Stonebridge Financial Group LLC MO purchased a new stake in shares of iShares Russell Mid-Cap Growth ETF in the fourth quarter worth about $341,000. Hedge funds and other institutional investors own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Stock Down 0.2%

Shares of IWP opened at $136.40 on Thursday. iShares Russell Mid-Cap Growth ETF has a 52 week low of $122.94 and a 52 week high of $145.60. The company has a market capitalization of $19.59 billion, a price-to-earnings ratio of 30.48 and a beta of 1.13. The stock’s 50-day moving average price is $133.07 and its 200-day moving average price is $136.40.

About iShares Russell Mid-Cap Growth ETF

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.