American Family Investments Inc. Grows Holdings in iShares Russell Mid-Cap Growth ETF $IWP

American Family Investments Inc. raised its stake in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 11.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 561,707 shares of the company’s stock after acquiring an additional 58,909 shares during the period. iShares Russell Mid-Cap Growth ETF accounts for about 2.8% of American Family Investments Inc.’s holdings, making the stock its 9th biggest holding. American Family Investments Inc.’s holdings in iShares Russell Mid-Cap Growth ETF were worth $76,920,000 at the end of the most recent quarter.

Other institutional investors 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 fourth quarter worth $25,000. Beaird Harris Wealth Management LLC lifted its position in shares of iShares Russell Mid-Cap Growth ETF by 125.0% in the third quarter. Beaird Harris Wealth Management LLC now owns 198 shares of the company’s stock worth $28,000 after purchasing an additional 110 shares in the last quarter. Imprint Wealth LLC bought a new stake in shares of iShares Russell Mid-Cap Growth ETF in the third quarter worth $29,000. Laurel Wealth Advisors LLC bought a new stake in shares of iShares Russell Mid-Cap Growth ETF in the fourth quarter worth $30,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of iShares Russell Mid-Cap Growth ETF in the third quarter worth $34,000. Institutional investors own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Stock Down 0.8%

Shares of IWP stock opened at $136.65 on Wednesday. The company’s fifty day simple moving average is $133.08 and its 200-day simple moving average is $136.45. The firm has a market cap of $19.63 billion, a PE ratio of 30.48 and a beta of 1.13. iShares Russell Mid-Cap Growth ETF has a 12 month low of $122.94 and a 12 month high of $145.60.

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.