iShares Russell Mid-Cap Growth ETF $IWP Shares Sold by LMG Wealth Partners LLC

LMG Wealth Partners LLC cut its stake in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 1.1% in the second quarter, Holdings Channel.com reports. The fund owned 98,403 shares of the company’s stock after selling 1,077 shares during the period. iShares Russell Mid-Cap Growth ETF makes up approximately 2.8% of LMG Wealth Partners LLC’s investment portfolio, making the stock its 6th biggest position. LMG Wealth Partners LLC’s holdings in iShares Russell Mid-Cap Growth ETF were worth $13,647,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in IWP. Revolve Wealth Partners LLC increased its position in shares of iShares Russell Mid-Cap Growth ETF by 2.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 7,370 shares of the company’s stock valued at $934,000 after acquiring an additional 182 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of iShares Russell Mid-Cap Growth ETF by 36.1% in the first quarter. Rhumbline Advisers now owns 3,185 shares of the company’s stock valued at $374,000 after purchasing an additional 844 shares during the period. Consolidated Investment Group LLC purchased a new position in shares of iShares Russell Mid-Cap Growth ETF in the first quarter valued at approximately $1,375,000. WealthCare Investment Partners LLC purchased a new position in shares of iShares Russell Mid-Cap Growth ETF in the first quarter valued at approximately $490,000. Finally, Veridan Wealth LLC boosted its stake in shares of iShares Russell Mid-Cap Growth ETF by 9.8% in the first quarter. Veridan Wealth LLC now owns 21,998 shares of the company’s stock valued at $2,585,000 after purchasing an additional 1,962 shares during the period. 74.49% of the stock is currently owned by institutional investors and hedge funds.

iShares Russell Mid-Cap Growth ETF Stock Performance

NYSEARCA IWP opened at $141.20 on Monday. The firm has a 50 day simple moving average of $142.39 and a 200-day simple moving average of $134.74. iShares Russell Mid-Cap Growth ETF has a one year low of $99.85 and a one year high of $145.50. The firm has a market cap of $20.65 billion, a price-to-earnings ratio of 30.48 and a beta of 1.10.

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).