iShares Russell Mid-Cap Growth ETF $IWP Stock: Sowell Financial Services LLC Decreases Stake

Sowell Financial Services LLC cut its position in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 50.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,604 shares of the company’s stock after selling 4,758 shares during the quarter. Sowell Financial Services LLC’s holdings in iShares Russell Mid-Cap Growth ETF were worth $634,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IWP. Bryn Mawr Trust Advisors LLC grew its position in iShares Russell Mid-Cap Growth ETF by 190.4% in the first quarter. Bryn Mawr Trust Advisors LLC now owns 14,812 shares of the company’s stock valued at $1,898,000 after acquiring an additional 9,712 shares during the period. Whitaker Myers Wealth Managers LTD. grew its holdings in shares of iShares Russell Mid-Cap Growth ETF by 7.8% in the 2nd quarter. Whitaker Myers Wealth Managers LTD. now owns 154,430 shares of the company’s stock worth $22,610,000 after purchasing an additional 11,127 shares during the last quarter. BIP Wealth LLC acquired a new stake in shares of iShares Russell Mid-Cap Growth ETF during the 2nd quarter worth about $823,000. Kintra Wealth LLC increased its position in shares of iShares Russell Mid-Cap Growth ETF by 19.3% during the 2nd quarter. Kintra Wealth LLC now owns 40,475 shares of the company’s stock worth $5,954,000 after purchasing an additional 6,547 shares in the last quarter. Finally, Corient Private Wealth LP increased its position in shares of iShares Russell Mid-Cap Growth ETF by 17.3% during the 2nd quarter. Corient Private Wealth LP now owns 163,106 shares of the company’s stock worth $23,881,000 after purchasing an additional 24,099 shares in the last quarter. Institutional investors own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Stock Down 1.2%

NYSEARCA:IWP opened at $130.10 on Tuesday. The firm has a market cap of $18.30 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 $148.29. The company’s 50-day moving average price is $138.19 and its two-hundred day moving average price is $137.74.

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.