Midwest Capital Advisors LLC Makes New $937,000 Investment in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP)

Midwest Capital Advisors LLC bought a new position in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,394 shares of the company’s stock, valued at approximately $937,000. iShares Russell Mid-Cap Growth ETF accounts for 0.7% of Midwest Capital Advisors LLC’s holdings, making the stock its 24th biggest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cassaday & Co Wealth Management LLC grew its position in shares of iShares Russell Mid-Cap Growth ETF by 0.3% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 2,139,686 shares of the company’s stock valued at $271,205,000 after purchasing an additional 5,536 shares during the last quarter. LPL Financial LLC grew its position in shares of iShares Russell Mid-Cap Growth ETF by 11.1% in the third quarter. LPL Financial LLC now owns 1,814,140 shares of the company’s stock valued at $212,780,000 after purchasing an additional 181,523 shares during the last quarter. First Citizens Bank & Trust Co. grew its position in shares of iShares Russell Mid-Cap Growth ETF by 25.6% in the fourth quarter. First Citizens Bank & Trust Co. now owns 1,791,302 shares of the company’s stock valued at $227,048,000 after purchasing an additional 365,602 shares during the last quarter. Strategic Financial Concepts LLC grew its position in shares of iShares Russell Mid-Cap Growth ETF by 12,202.3% in the fourth quarter. Strategic Financial Concepts LLC now owns 723,865 shares of the company’s stock valued at $91,750,000 after purchasing an additional 717,981 shares during the last quarter. Finally, Congress Asset Management Co. grew its position in shares of iShares Russell Mid-Cap Growth ETF by 86.8% in the fourth quarter. Congress Asset Management Co. now owns 687,453 shares of the company’s stock valued at $87,135,000 after purchasing an additional 319,368 shares during the last quarter.

iShares Russell Mid-Cap Growth ETF Price Performance

IWP stock opened at $130.42 on Monday. The company’s 50 day simple moving average is $132.66 and its 200-day simple moving average is $125.15. The firm has a market capitalization of $18.02 billion, a PE ratio of 35.02 and a beta of 1.14. iShares Russell Mid-Cap Growth ETF has a 12 month low of $101.12 and a 12 month high of $139.68.

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).