William Allan Corp Invests $572,000 in iShares Russell Mid-Cap Growth ETF $IWP

William Allan Corp purchased a new position in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,175 shares of the company’s stock, valued at approximately $572,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. American Wealth Advisors LLC bought a new position in shares of iShares Russell Mid-Cap Growth ETF during the 3rd quarter worth $1,954,000. Concurrent Investment Advisors LLC boosted its position in iShares Russell Mid-Cap Growth ETF by 29.8% during the fourth quarter. Concurrent Investment Advisors LLC now owns 16,403 shares of the company’s stock valued at $2,246,000 after purchasing an additional 3,769 shares in the last quarter. AE Wealth Management LLC boosted its position in iShares Russell Mid-Cap Growth ETF by 6.7% during the fourth quarter. AE Wealth Management LLC now owns 95,214 shares of the company’s stock valued at $13,039,000 after purchasing an additional 5,971 shares in the last quarter. Johnson Financial Group Inc. boosted its position in iShares Russell Mid-Cap Growth ETF by 29.7% during the third quarter. Johnson Financial Group Inc. now owns 46,403 shares of the company’s stock valued at $6,608,000 after purchasing an additional 10,615 shares in the last quarter. Finally, Congress Asset Management Co. boosted its position in iShares Russell Mid-Cap Growth ETF by 118.3% during the fourth quarter. Congress Asset Management Co. now owns 458,580 shares of the company’s stock valued at $62,798,000 after purchasing an additional 248,474 shares in the last quarter. Institutional investors own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Price Performance

Shares of IWP stock opened at $140.72 on Friday. iShares Russell Mid-Cap Growth ETF has a 1-year low of $122.94 and a 1-year high of $145.60. The stock’s 50-day moving average is $136.73 and its 200 day moving average is $136.50. The company has a market cap of $20.21 billion, a P/E ratio of 30.48 and a beta of 1.13.

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.