Northwestern Mutual Wealth Management Co. Sells 1,046,833 Shares of iShares Russell Mid-Cap Growth ETF $IWP

Northwestern Mutual Wealth Management Co. reduced its stake in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 78.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 281,366 shares of the company’s stock after selling 1,046,833 shares during the quarter. Northwestern Mutual Wealth Management Co. owned about 0.19% of iShares Russell Mid-Cap Growth ETF worth $38,530,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in IWP. Revolve Wealth Partners LLC boosted its position in shares of iShares Russell Mid-Cap Growth ETF by 2.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 7,370 shares of the company’s stock worth $934,000 after purchasing an additional 182 shares in the last quarter. AQR Capital Management LLC lifted its position in iShares Russell Mid-Cap Growth ETF by 59.9% in the 1st quarter. AQR Capital Management LLC now owns 2,868 shares of the company’s stock valued at $337,000 after acquiring an additional 1,074 shares in the last quarter. First Trust Advisors LP bought a new position in iShares Russell Mid-Cap Growth ETF in the 2nd quarter valued at approximately $257,000. Qube Research & Technologies Ltd lifted its position in iShares Russell Mid-Cap Growth ETF by 22.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 116,038 shares of the company’s stock valued at $16,092,000 after acquiring an additional 21,353 shares in the last quarter. Finally, Peapack Gladstone Financial Corp lifted its position in iShares Russell Mid-Cap Growth ETF by 17.2% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 50,186 shares of the company’s stock valued at $6,960,000 after acquiring an additional 7,376 shares in the last quarter. 74.49% of the stock is owned by institutional investors.

iShares Russell Mid-Cap Growth ETF Trading Down 0.1%

IWP stock opened at $136.01 on Tuesday. The stock has a market capitalization of $19.54 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. The stock’s 50 day simple moving average is $133.12 and its 200 day simple moving average is $136.23.

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.