LPL Financial LLC Buys 161,336 Shares of iShares Russell Mid-Cap Growth ETF $IWP

LPL Financial LLC grew its stake in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 6.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,616,494 shares of the company’s stock after buying an additional 161,336 shares during the period. LPL Financial LLC owned 1.78% of iShares Russell Mid-Cap Growth ETF worth $358,303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Investmark Advisory Group LLC increased its position in iShares Russell Mid-Cap Growth ETF by 1.4% in the fourth quarter. Investmark Advisory Group LLC now owns 5,395 shares of the company’s stock worth $739,000 after purchasing an additional 74 shares during the last quarter. Breakwater Capital Group increased its position in iShares Russell Mid-Cap Growth ETF by 3.6% in the third quarter. Breakwater Capital Group now owns 2,375 shares of the company’s stock worth $338,000 after purchasing an additional 82 shares during the last quarter. Willner & Heller LLC increased its position in iShares Russell Mid-Cap Growth ETF by 0.7% in the fourth quarter. Willner & Heller LLC now owns 11,602 shares of the company’s stock worth $1,589,000 after purchasing an additional 82 shares during the last quarter. BCGM Wealth Management LLC increased its position in iShares Russell Mid-Cap Growth ETF by 3.2% in the third quarter. BCGM Wealth Management LLC now owns 2,684 shares of the company’s stock worth $382,000 after purchasing an additional 84 shares during the last quarter. Finally, Moneco Advisors LLC increased its position in iShares Russell Mid-Cap Growth ETF by 1.0% in the fourth quarter. Moneco Advisors LLC now owns 8,562 shares of the company’s stock worth $1,172,000 after purchasing an additional 85 shares during the last quarter. Institutional investors own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Stock Performance

Shares of IWP opened at $139.15 on Tuesday. The company’s fifty day moving average is $135.92 and its 200 day moving average is $136.37. iShares Russell Mid-Cap Growth ETF has a fifty-two week low of $122.94 and a fifty-two week high of $145.60. The stock has a market capitalization of $19.99 billion, a PE ratio of 30.48 and a beta of 1.13.

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.