Nvest Financial LLC Increases Position in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP)

Nvest Financial LLC raised its position in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 59.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,855 shares of the company’s stock after purchasing an additional 6,280 shares during the quarter. iShares Russell Mid-Cap Growth ETF accounts for approximately 1.3% of Nvest Financial LLC’s portfolio, making the stock its 27th largest position. Nvest Financial LLC’s holdings in iShares Russell Mid-Cap Growth ETF were worth $1,924,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dougherty Wealth Advisers LLC acquired a new position in shares of iShares Russell Mid-Cap Growth ETF during the fourth quarter worth $3,271,000. Wealthsource Partners LLC acquired a new stake in shares of iShares Russell Mid-Cap Growth ETF during the fourth quarter worth about $216,000. Eubel Brady & Suttman Asset Management Inc. acquired a new stake in shares of iShares Russell Mid-Cap Growth ETF during the fourth quarter worth about $221,000. International Assets Investment Management LLC acquired a new stake in shares of iShares Russell Mid-Cap Growth ETF during the fourth quarter worth about $20,118,000. Finally, Brookstone Capital Management boosted its stake in shares of iShares Russell Mid-Cap Growth ETF by 24.7% during the first quarter. Brookstone Capital Management now owns 15,332 shares of the company’s stock worth $1,750,000 after buying an additional 3,035 shares during the period.

iShares Russell Mid-Cap Growth ETF Trading Up 0.5 %

Shares of IWP traded up $0.53 during mid-day trading on Tuesday, hitting $110.28. 478,561 shares of the company’s stock were exchanged, compared to its average volume of 749,896. iShares Russell Mid-Cap Growth ETF has a fifty-two week low of $85.24 and a fifty-two week high of $114.60. The firm has a market capitalization of $14.26 billion, a P/E ratio of 29.60 and a beta of 1.15. The business’s 50 day moving average is $109.83 and its two-hundred day moving average is $108.64.

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).