Avantax Planning Partners Inc. Decreases Stock Position in iShares Russell Mid-Cap Growth ETF $IWP

Avantax Planning Partners Inc. cut its holdings in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 5.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 116,981 shares of the company’s stock after selling 6,586 shares during the quarter. Avantax Planning Partners Inc. owned 0.08% of iShares Russell Mid-Cap Growth ETF worth $16,659,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Cullen Frost Bankers Inc. raised its stake in shares of iShares Russell Mid-Cap Growth ETF by 25.0% in the third quarter. Cullen Frost Bankers Inc. now owns 1,194,862 shares of the company’s stock worth $170,160,000 after purchasing an additional 238,826 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in iShares Russell Mid-Cap Growth ETF by 21.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,348,494 shares of the company’s stock worth $187,009,000 after buying an additional 236,001 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in iShares Russell Mid-Cap Growth ETF by 13.5% in the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 1,821,506 shares of the company’s stock worth $259,401,000 after buying an additional 217,051 shares in the last quarter. First Citizens Bank & Trust Co. raised its position in iShares Russell Mid-Cap Growth ETF by 14.2% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 1,697,745 shares of the company’s stock worth $241,776,000 after buying an additional 211,174 shares during the last quarter. Finally, SVB Wealth LLC bought a new position in iShares Russell Mid-Cap Growth ETF during the 2nd quarter valued at about $24,879,000. 74.49% of the stock is currently owned by hedge funds and other institutional investors.

iShares Russell Mid-Cap Growth ETF Stock Down 0.6%

Shares of NYSEARCA IWP opened at $139.59 on Monday. The firm’s 50-day moving average price is $138.63 and its 200-day moving average price is $140.56. iShares Russell Mid-Cap Growth ETF has a 52-week low of $99.85 and a 52-week high of $145.60. The company has a market cap of $20.76 billion, a PE ratio of 30.48 and a beta of 1.15.

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). 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.