Northwestern Mutual Wealth Management Co. Purchases 76,721 Shares of iShares Russell Mid-Cap Growth ETF $IWP

Northwestern Mutual Wealth Management Co. lifted its position in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 5.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,404,920 shares of the company’s stock after buying an additional 76,721 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 0.96% of iShares Russell Mid-Cap Growth ETF worth $192,390,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Richards Merrill & Peterson Inc. bought a new position in shares of iShares Russell Mid-Cap Growth ETF during the fourth quarter valued at approximately $25,000. Beaird Harris Wealth Management LLC boosted its stake in shares of iShares Russell Mid-Cap Growth ETF by 125.0% during the third quarter. Beaird Harris Wealth Management LLC now owns 198 shares of the company’s stock valued at $28,000 after purchasing an additional 110 shares in the last quarter. Imprint Wealth LLC bought a new position in shares of iShares Russell Mid-Cap Growth ETF during the third quarter valued at approximately $29,000. Laurel Wealth Advisors LLC bought a new position in shares of iShares Russell Mid-Cap Growth ETF during the fourth quarter valued at approximately $30,000. Finally, Measured Wealth Private Client Group LLC bought a new position in shares of iShares Russell Mid-Cap Growth ETF during the third quarter valued at approximately $39,000. Institutional investors own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Stock Performance

NYSEARCA IWP opened at $142.06 on Friday. The firm’s 50 day moving average price is $134.20 and its 200-day moving average price is $136.16. iShares Russell Mid-Cap Growth ETF has a 52-week low of $122.94 and a 52-week high of $145.60. The company has a market cap of $20.41 billion, a PE ratio of 30.48 and a beta of 1.13.

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.