Vertrix Wealth Management LLC Purchases New Position in iShares Russell Mid-Cap Growth ETF $IWP

Vertrix Wealth Management LLC purchased a new stake in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) during the first quarter, Holdings Channel reports. The firm purchased 10,293 shares of the company’s stock, valued at approximately $1,319,000.

Other hedge funds have also recently bought and sold shares of the company. Richards Merrill & Peterson Inc. bought a new stake in shares of iShares Russell Mid-Cap Growth ETF in the 4th quarter worth about $25,000. CNB Bank increased its position in shares of iShares Russell Mid-Cap Growth ETF by 478.8% during the 4th quarter. CNB Bank now owns 191 shares of the company’s stock worth $26,000 after purchasing an additional 158 shares in the last quarter. Hilton Head Capital Partners LLC bought a new position in iShares Russell Mid-Cap Growth ETF during the 4th quarter valued at about $27,000. Beaird Harris Wealth Management LLC lifted its holdings in iShares Russell Mid-Cap Growth ETF by 125.0% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 198 shares of the company’s stock valued at $28,000 after purchasing an additional 110 shares during the last quarter. Finally, Sfam LLC acquired a new position in iShares Russell Mid-Cap Growth ETF in the fourth quarter valued at about $28,000. 74.49% of the stock is currently owned by institutional investors and hedge funds.

iShares Russell Mid-Cap Growth ETF Trading Down 1.0%

Shares of iShares Russell Mid-Cap Growth ETF stock opened at $144.94 on Thursday. The stock has a market capitalization of $21.34 billion, a price-to-earnings ratio of 30.48 and a beta of 1.12. iShares Russell Mid-Cap Growth ETF has a 1-year low of $122.94 and a 1-year high of $146.58. The firm’s 50-day moving average price is $139.48 and its two-hundred day moving average price is $136.88.

iShares Russell Mid-Cap Growth ETF 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.