M Holdings Securities Inc. Buys 7,616 Shares of iShares Russell Mid-Cap Growth ETF $IWP

M Holdings Securities Inc. acquired a new position in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 7,616 shares of the company’s stock, valued at approximately $994,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Beam Wealth Advisors Inc. raised its holdings in shares of iShares Russell Mid-Cap Growth ETF by 0.3% during the 3rd quarter. Beam Wealth Advisors Inc. now owns 27,849 shares of the company’s stock valued at $3,834,000 after buying an additional 80 shares during the period. StoneX Group Inc. boosted its holdings in iShares Russell Mid-Cap Growth ETF by 45.9% in the 3rd quarter. StoneX Group Inc. now owns 7,021 shares of the company’s stock worth $966,000 after acquiring an additional 2,209 shares during the period. Montgomery Financial Services LLC purchased a new position in iShares Russell Mid-Cap Growth ETF in the 3rd quarter worth approximately $1,439,000. Asset Dedication LLC grew its position in iShares Russell Mid-Cap Growth ETF by 165.2% in the third quarter. Asset Dedication LLC now owns 761 shares of the company’s stock valued at $105,000 after acquiring an additional 474 shares in the last quarter. Finally, Kestra Advisory Services LLC grew its position in iShares Russell Mid-Cap Growth ETF by 5.7% in the third quarter. Kestra Advisory Services LLC now owns 204,070 shares of the company’s stock valued at $28,096,000 after acquiring an additional 10,944 shares in the last quarter. 74.49% of the stock is owned by institutional investors and hedge funds.

iShares Russell Mid-Cap Growth ETF Stock Up 4.1%

IWP opened at $129.13 on Tuesday. The firm has a market capitalization of $18.14 billion, a P/E ratio of 27.78 and a beta of 1.13. The firm’s 50 day moving average is $136.75 and its 200-day moving average is $137.42. iShares Russell Mid-Cap Growth ETF has a 52-week low of $122.40 and a 52-week high of $148.29.

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.