Align Financial LLC Makes New $38.44 Million Investment in iShares Russell Mid-Cap Growth ETF $IWP

Align Financial LLC bought a new position in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 280,727 shares of the company’s stock, valued at approximately $38,443,000.

A number of other large investors have also added to or reduced their stakes in IWP. American Wealth Advisors LLC bought a new stake in shares of iShares Russell Mid-Cap Growth ETF during the 3rd quarter valued at $1,954,000. Concurrent Investment Advisors LLC grew its position in shares of iShares Russell Mid-Cap Growth ETF by 29.8% during the 4th quarter. Concurrent Investment Advisors LLC now owns 16,403 shares of the company’s stock valued at $2,246,000 after acquiring an additional 3,769 shares during the period. AE Wealth Management LLC grew its position in shares of iShares Russell Mid-Cap Growth ETF by 6.7% during the 4th quarter. AE Wealth Management LLC now owns 95,214 shares of the company’s stock valued at $13,039,000 after acquiring an additional 5,971 shares during the period. Johnson Financial Group Inc. grew its position in shares of iShares Russell Mid-Cap Growth ETF by 29.7% during the 3rd quarter. Johnson Financial Group Inc. now owns 46,403 shares of the company’s stock valued at $6,608,000 after acquiring an additional 10,615 shares during the period. Finally, BCS Wealth Management bought a new stake in shares of iShares Russell Mid-Cap Growth ETF during the 4th quarter valued at $2,216,000. Institutional investors own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Price Performance

Shares of IWP stock opened at $140.61 on Thursday. iShares Russell Mid-Cap Growth ETF has a 1 year low of $122.94 and a 1 year high of $145.60. The firm has a fifty day moving average price of $137.72 and a 200-day moving average price of $136.63. The company has a market cap of $20.20 billion, a price-to-earnings 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.