21,623 Shares in iShares Russell Mid-Cap Growth ETF $IWP Purchased by MFG Investments LLC

MFG Investments LLC acquired a new stake in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 21,623 shares of the company’s stock, valued at approximately $2,977,000. iShares Russell Mid-Cap Growth ETF comprises about 3.4% of MFG Investments LLC’s investment portfolio, making the stock its 6th largest holding.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. McIlrath & Eck LLC acquired a new position in shares of iShares Russell Mid-Cap Growth ETF during the first quarter worth $26,000. Hilton Head Capital Partners LLC acquired a new stake in shares of iShares Russell Mid-Cap Growth ETF during the 3rd quarter valued at $28,000. Signature Resources Capital Management LLC boosted its holdings in shares of iShares Russell Mid-Cap Growth ETF by 83.6% during the 1st quarter. Signature Resources Capital Management LLC now owns 224 shares of the company’s stock valued at $29,000 after acquiring an additional 102 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of iShares Russell Mid-Cap Growth ETF during the 1st quarter valued at $30,000. Finally, Laurel Wealth Advisors LLC bought a new stake in iShares Russell Mid-Cap Growth ETF during the 3rd quarter worth $31,000. Institutional investors and hedge funds own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Stock Up 1.2%

Shares of IWP stock opened at $131.70 on Wednesday. iShares Russell Mid-Cap Growth ETF has a twelve month low of $122.94 and a twelve month high of $148.29. The stock’s fifty day simple moving average is $137.99 and its 200 day simple moving average is $137.69. The firm has a market capitalization of $18.51 billion, a P/E ratio of 27.78 and a beta of 1.13.

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.