Cassaday & Co Wealth Management LLC Grows Stake in iShares Russell Mid-Cap Growth ETF $IWP

Cassaday & Co Wealth Management LLC increased its holdings in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 1.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 2,184,734 shares of the company’s stock after acquiring an additional 41,659 shares during the period. iShares Russell Mid-Cap Growth ETF comprises 6.0% of Cassaday & Co Wealth Management LLC’s portfolio, making the stock its 5th biggest position. Cassaday & Co Wealth Management LLC owned about 1.52% of iShares Russell Mid-Cap Growth ETF worth $279,908,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Wells Fargo & Company MN increased its stake in iShares Russell Mid-Cap Growth ETF by 1.3% in the fourth quarter. Wells Fargo & Company MN now owns 5,299,199 shares of the company’s stock worth $725,672,000 after purchasing an additional 69,999 shares during the period. First Command Advisory Services Inc. grew its holdings in shares of iShares Russell Mid-Cap Growth ETF by 8.0% in the fourth quarter. First Command Advisory Services Inc. now owns 3,839,481 shares of the company’s stock worth $525,778,000 after purchasing an additional 284,943 shares during the last quarter. LPL Financial LLC grew its holdings in shares of iShares Russell Mid-Cap Growth ETF by 6.6% in the fourth quarter. LPL Financial LLC now owns 2,616,494 shares of the company’s stock worth $358,303,000 after purchasing an additional 161,336 shares during the last quarter. Ameriprise Financial Inc. increased its stake in iShares Russell Mid-Cap Growth ETF by 1.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,524,819 shares of the company’s stock worth $350,422,000 after buying an additional 26,620 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in iShares Russell Mid-Cap Growth ETF by 0.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,457,673 shares of the company’s stock worth $336,554,000 after buying an additional 12,105 shares during the period. Hedge funds and other institutional investors own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Price Performance

Shares of IWP opened at $137.59 on Tuesday. 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 moving average of $140.70 and a 200 day moving average of $137.11. The firm has a market capitalization of $20.12 billion, a price-to-earnings ratio of 30.48 and a beta of 1.12.

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.