USAdvisors Wealth Management LLC Grows Position in iShares Russell Mid-Cap Growth ETF $IWP

USAdvisors Wealth Management LLC raised its stake in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 38.3% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 45,474 shares of the company’s stock after purchasing an additional 12,595 shares during the period. iShares Russell Mid-Cap Growth ETF accounts for about 1.9% of USAdvisors Wealth Management LLC’s investment portfolio, making the stock its 16th biggest holding. USAdvisors Wealth Management LLC’s holdings in iShares Russell Mid-Cap Growth ETF were worth $5,621,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of IWP. Richards Merrill & Peterson Inc. bought a new position in shares of iShares Russell Mid-Cap Growth ETF during the 4th quarter valued at approximately $25,000. CNB Bank increased its holdings in iShares Russell Mid-Cap Growth ETF by 478.8% in the 4th quarter. CNB Bank now owns 191 shares of the company’s stock worth $26,000 after acquiring an additional 158 shares in the last quarter. Beaird Harris Wealth Management LLC raised its stake in iShares Russell Mid-Cap Growth ETF by 125.0% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 198 shares of the company’s stock worth $28,000 after acquiring an additional 110 shares during the period. Hilton Head Capital Partners LLC bought a new stake in iShares Russell Mid-Cap Growth ETF during the 4th quarter worth approximately $27,000. Finally, Imprint Wealth LLC purchased a new position in iShares Russell Mid-Cap Growth ETF during the third quarter valued at approximately $29,000. Hedge funds and other institutional investors own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Price Performance

IWP opened at $142.96 on Friday. The firm has a market cap of $21.05 billion, a P/E ratio of 30.48 and a beta of 1.12. iShares Russell Mid-Cap Growth ETF has a 1-year low of $122.94 and a 1-year high of $146.64. The company has a 50 day simple moving average of $139.60 and a two-hundred day simple moving average of $136.91.

iShares Russell Mid-Cap Growth ETF Company 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.