Envestnet Portfolio Solutions Inc. Lowers Stake in iShares Russell Mid-Cap Growth ETF $IWP

Envestnet Portfolio Solutions Inc. reduced its stake in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 12.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 1,604,455 shares of the company’s stock after selling 229,507 shares during the period. iShares Russell Mid-Cap Growth ETF makes up 0.8% of Envestnet Portfolio Solutions Inc.’s investment portfolio, making the stock its 27th biggest position. Envestnet Portfolio Solutions Inc. owned about 1.15% of iShares Russell Mid-Cap Growth ETF worth $222,506,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC lifted its stake in iShares Russell Mid-Cap Growth ETF by 744,932.0% during the second quarter. Kingstone Capital Partners Texas LLC now owns 14,565,376 shares of the company’s stock worth $2,019,926,000 after purchasing an additional 14,563,421 shares during the last quarter. Pacific Life Fund Advisors LLC bought a new position in shares of iShares Russell Mid-Cap Growth ETF during the 1st quarter valued at about $89,345,000. BNP Paribas Financial Markets purchased a new position in shares of iShares Russell Mid-Cap Growth ETF during the 1st quarter valued at about $65,138,000. Truist Financial Corp lifted its position in iShares Russell Mid-Cap Growth ETF by 77.7% in the 1st quarter. Truist Financial Corp now owns 1,260,419 shares of the company’s stock worth $148,087,000 after buying an additional 551,089 shares during the last quarter. Finally, Zions Bancorporation National Association UT purchased a new stake in iShares Russell Mid-Cap Growth ETF in the first quarter worth approximately $59,221,000. Institutional investors own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Price Performance

Shares of NYSEARCA IWP opened at $139.72 on Monday. The stock has a market capitalization of $20.41 billion, a P/E ratio of 30.48 and a beta of 1.10. iShares Russell Mid-Cap Growth ETF has a one year low of $99.85 and a one year high of $145.50. The firm’s 50 day simple moving average is $142.24 and its two-hundred day simple moving average is $133.88.

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).