Richardson Capital Management LLC Invests $698,000 in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP)

Richardson Capital Management LLC acquired a new position in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,119 shares of the company’s stock, valued at approximately $698,000. iShares Russell Mid-Cap Growth ETF makes up 0.6% of Richardson Capital Management LLC’s investment portfolio, making the stock its 10th largest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in IWP. ORG Partners LLC raised its stake in iShares Russell Mid-Cap Growth ETF by 73.4% in the 4th quarter. ORG Partners LLC now owns 274 shares of the company’s stock valued at $29,000 after acquiring an additional 116 shares during the period. Life Planning Partners Inc bought a new position in iShares Russell Mid-Cap Growth ETF during the 4th quarter worth $30,000. Tidemark LLC bought a new position in iShares Russell Mid-Cap Growth ETF during the 4th quarter worth $30,000. Richardson Financial Services Inc. bought a new position in iShares Russell Mid-Cap Growth ETF during the 4th quarter worth $32,000. Finally, Northwest Bank & Trust Co bought a new position in iShares Russell Mid-Cap Growth ETF during the 4th quarter worth $36,000.

iShares Russell Mid-Cap Growth ETF Trading Down 0.2 %

IWP stock traded down $0.17 during trading hours on Friday, hitting $110.35. 706,225 shares of the stock were exchanged, compared to its average volume of 751,441. The firm has a market capitalization of $14.27 billion, a P/E ratio of 29.60 and a beta of 1.15. The company has a 50-day simple moving average of $109.77 and a two-hundred day simple moving average of $108.56. iShares Russell Mid-Cap Growth ETF has a 12 month low of $85.24 and a 12 month high of $114.60.

iShares Russell Mid-Cap Growth ETF Company 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).