MV Capital Management Inc. Acquires Shares of 27,536 iShares Russell Mid-Cap Growth ETF $IWP

MV Capital Management Inc. purchased a new position in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 27,536 shares of the company’s stock, valued at approximately $3,771,000.

A number of other hedge funds have also recently added to or reduced their stakes in IWP. Compound Planning Inc. lifted its holdings in shares of iShares Russell Mid-Cap Growth ETF by 138.9% in the 4th quarter. Compound Planning Inc. now owns 3,457 shares of the company’s stock valued at $473,000 after buying an additional 2,010 shares during the period. Corient Private Wealth LLC increased its position in shares of iShares Russell Mid-Cap Growth ETF by 2.7% in the fourth quarter. Corient Private Wealth LLC now owns 166,929 shares of the company’s stock valued at $22,906,000 after buying an additional 4,339 shares in the last quarter. Jacobs Equity LLC acquired a new stake in iShares Russell Mid-Cap Growth ETF in the 4th quarter valued at about $1,056,000. Strive Financial Group LLC purchased a new position in iShares Russell Mid-Cap Growth ETF during the 4th quarter valued at about $70,000. Finally, Ameriflex Group Inc. increased its holdings in iShares Russell Mid-Cap Growth ETF by 14.3% during the 4th quarter. Ameriflex Group Inc. now owns 606 shares of the company’s stock valued at $83,000 after acquiring an additional 76 shares in the last quarter. Institutional investors and hedge funds own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Price Performance

Shares of NYSEARCA IWP opened at $141.95 on Friday. The firm’s 50-day moving average is $137.98 and its two-hundred day moving average is $136.65. The company has a market capitalization of $20.39 billion, a PE ratio of 30.48 and a beta of 1.13. iShares Russell Mid-Cap Growth ETF has a 12-month low of $122.94 and a 12-month high of $145.60.

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). 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.