Navigation Group LLC Makes New $1.72 Million Investment in iShares Russell Mid-Cap Growth ETF $IWP

Navigation Group LLC purchased a new position in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 13,414 shares of the company’s stock, valued at approximately $1,719,000.

Several other hedge funds also recently modified their holdings of the business. Bank of New York Mellon Corp increased its position in iShares Russell Mid-Cap Growth ETF by 3.2% during the first quarter. Bank of New York Mellon Corp now owns 120,394 shares of the company’s stock worth $15,425,000 after acquiring an additional 3,788 shares during the period. Luts & Greenleigh Group Inc. boosted its holdings in iShares Russell Mid-Cap Growth ETF by 4.3% in the 1st quarter. Luts & Greenleigh Group Inc. now owns 11,762 shares of the company’s stock valued at $1,507,000 after purchasing an additional 481 shares during the period. BlueChip Wealth Advisors LLC boosted its holdings in iShares Russell Mid-Cap Growth ETF by 2.4% in the 1st quarter. BlueChip Wealth Advisors LLC now owns 3,812 shares of the company’s stock valued at $488,000 after purchasing an additional 88 shares during the period. Sigma Planning Corp boosted its holdings in iShares Russell Mid-Cap Growth ETF by 5.0% in the 1st quarter. Sigma Planning Corp now owns 43,004 shares of the company’s stock valued at $5,510,000 after purchasing an additional 2,045 shares during the period. Finally, AMG National Trust Bank grew its position in iShares Russell Mid-Cap Growth ETF by 4.7% in the 1st quarter. AMG National Trust Bank now owns 337,497 shares of the company’s stock worth $43,240,000 after purchasing an additional 15,206 shares during the last quarter. 74.49% of the stock is owned by institutional investors.

iShares Russell Mid-Cap Growth ETF Stock Performance

NYSEARCA:IWP opened at $140.33 on Thursday. The firm’s 50-day moving average is $140.70 and its 200-day moving average is $137.13. iShares Russell Mid-Cap Growth ETF has a 52-week low of $122.94 and a 52-week high of $146.64. The company has a market cap of $20.57 billion, a price-to-earnings ratio of 30.48 and a beta of 1.12.

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.