Stonebridge Financial Group LLC Invests $11.53 Million in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP)

Stonebridge Financial Group LLC acquired a new stake in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 90,973 shares of the company’s stock, valued at approximately $11,531,000. iShares Russell Mid-Cap Growth ETF comprises approximately 1.3% of Stonebridge Financial Group LLC’s investment portfolio, making the stock its 22nd biggest position. Stonebridge Financial Group LLC owned about 0.07% of iShares Russell Mid-Cap Growth ETF as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Cassaday & Co Wealth Management LLC raised its position in shares of iShares Russell Mid-Cap Growth ETF by 2.3% in the 3rd quarter. Cassaday & Co Wealth Management LLC now owns 2,134,150 shares of the company’s stock valued at $250,314,000 after acquiring an additional 47,328 shares during the period. LPL Financial LLC increased its stake in iShares Russell Mid-Cap Growth ETF by 11.1% in the third quarter. LPL Financial LLC now owns 1,814,140 shares of the company’s stock valued at $212,780,000 after purchasing an additional 181,523 shares in the last quarter. First Citizens Bank & Trust Co. increased its stake in iShares Russell Mid-Cap Growth ETF by 25.6% in the fourth quarter. First Citizens Bank & Trust Co. now owns 1,791,302 shares of the company’s stock valued at $227,048,000 after purchasing an additional 365,602 shares in the last quarter. Strategic Financial Concepts LLC raised its holdings in iShares Russell Mid-Cap Growth ETF by 12,202.3% in the fourth quarter. Strategic Financial Concepts LLC now owns 723,865 shares of the company’s stock worth $91,750,000 after purchasing an additional 717,981 shares during the period. Finally, Wellington Management Group LLP boosted its position in shares of iShares Russell Mid-Cap Growth ETF by 156.5% during the third quarter. Wellington Management Group LLP now owns 521,898 shares of the company’s stock worth $61,213,000 after purchasing an additional 318,410 shares in the last quarter.

iShares Russell Mid-Cap Growth ETF Stock Up 0.9 %

Shares of IWP stock opened at $138.92 on Tuesday. The firm has a market capitalization of $17.97 billion, a price-to-earnings ratio of 29.60 and a beta of 1.15. iShares Russell Mid-Cap Growth ETF has a 12-month low of $101.12 and a 12-month high of $139.25. The firm has a fifty day moving average of $132.37 and a 200-day moving average of $123.09.

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).