Global Wealth Management Investment Advisory Inc. Lowers Stake in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP)

Global Wealth Management Investment Advisory Inc. lessened its holdings in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 13.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,877 shares of the company’s stock after selling 907 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in iShares Russell Mid-Cap Growth ETF were worth $689,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in IWP. Envestnet Asset Management Inc. grew its stake in shares of iShares Russell Mid-Cap Growth ETF by 2.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,243,857 shares of the company’s stock worth $247,610,000 after buying an additional 57,491 shares during the last quarter. Cassaday & Co Wealth Management LLC increased its holdings in shares of iShares Russell Mid-Cap Growth ETF by 1.6% during the second quarter. Cassaday & Co Wealth Management LLC now owns 2,086,822 shares of the company’s stock valued at $230,281,000 after acquiring an additional 31,922 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of iShares Russell Mid-Cap Growth ETF by 2.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 1,543,573 shares of the company’s stock worth $170,333,000 after purchasing an additional 32,942 shares during the last quarter. US Bancorp DE boosted its stake in iShares Russell Mid-Cap Growth ETF by 0.4% in the 1st quarter. US Bancorp DE now owns 1,534,216 shares of the company’s stock worth $175,116,000 after purchasing an additional 6,034 shares in the last quarter. Finally, First Citizens Bank & Trust Co. grew its position in iShares Russell Mid-Cap Growth ETF by 1.8% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 1,431,399 shares of the company’s stock valued at $157,955,000 after purchasing an additional 24,647 shares during the last quarter.

iShares Russell Mid-Cap Growth ETF Trading Up 1.2 %

NYSEARCA:IWP traded up $1.46 on Tuesday, reaching $120.95. 53,730 shares of the stock traded hands, compared to its average volume of 845,201. The company’s fifty day simple moving average is $116.89 and its 200 day simple moving average is $112.49. The company has a market capitalization of $15.64 billion, a price-to-earnings ratio of 29.60 and a beta of 1.15. iShares Russell Mid-Cap Growth ETF has a 12 month low of $89.89 and a 12 month high of $122.39.

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).