Parallel Advisors LLC Grows Position in iShares Russell Mid-Cap Growth ETF $IWP

Parallel Advisors LLC lifted its position in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 42.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,768 shares of the company’s stock after purchasing an additional 4,732 shares during the quarter. Parallel Advisors LLC’s holdings in iShares Russell Mid-Cap Growth ETF were worth $2,246,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI boosted its holdings in shares of iShares Russell Mid-Cap Growth ETF by 0.9% during the 2nd quarter. Arcadia Investment Management Corp MI now owns 8,425 shares of the company’s stock valued at $1,168,000 after buying an additional 75 shares in the last quarter. PFG Investments LLC increased its stake in shares of iShares Russell Mid-Cap Growth ETF by 2.8% in the 3rd quarter. PFG Investments LLC now owns 2,914 shares of the company’s stock worth $415,000 after acquiring an additional 80 shares in the last quarter. Breakwater Capital Group increased its stake in shares of iShares Russell Mid-Cap Growth ETF by 3.6% in the 3rd quarter. Breakwater Capital Group now owns 2,375 shares of the company’s stock worth $338,000 after acquiring an additional 82 shares in the last quarter. BCGM Wealth Management LLC lifted its position in iShares Russell Mid-Cap Growth ETF by 3.2% during the 3rd quarter. BCGM Wealth Management LLC now owns 2,684 shares of the company’s stock valued at $382,000 after acquiring an additional 84 shares during the period. Finally, Bedel Financial Consulting Inc. lifted its position in iShares Russell Mid-Cap Growth ETF by 1.2% during the 3rd quarter. Bedel Financial Consulting Inc. now owns 7,283 shares of the company’s stock valued at $1,037,000 after acquiring an additional 86 shares during the period. 74.49% of the stock is owned by hedge funds and other institutional investors.

iShares Russell Mid-Cap Growth ETF Price Performance

NYSEARCA:IWP opened at $135.23 on Tuesday. The firm has a market capitalization of $19.84 billion, a P/E ratio of 30.48 and a beta of 1.15. iShares Russell Mid-Cap Growth ETF has a one year low of $99.85 and a one year high of $145.60. The company’s 50-day simple moving average is $137.36 and its 200 day simple moving average is $139.60.

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.