Financial Advisory Corp Has $103.06 Million Stake in iShares Russell Mid-Cap Growth ETF $IWP

Financial Advisory Corp grew its stake in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 1.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 752,605 shares of the company’s stock after acquiring an additional 11,167 shares during the period. iShares Russell Mid-Cap Growth ETF comprises approximately 15.0% of Financial Advisory Corp’s investment portfolio, making the stock its 2nd biggest holding. Financial Advisory Corp owned approximately 0.51% of iShares Russell Mid-Cap Growth ETF worth $103,062,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of IWP. First Command Advisory Services Inc. raised its stake in shares of iShares Russell Mid-Cap Growth ETF by 80,392.3% during the third quarter. First Command Advisory Services Inc. now owns 3,554,538 shares of the company’s stock valued at $506,202,000 after acquiring an additional 3,550,122 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of iShares Russell Mid-Cap Growth ETF by 171.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 5,397,376 shares of the company’s stock worth $768,640,000 after purchasing an additional 3,406,598 shares during the period. CIBC Bancorp USA Inc. purchased a new stake in shares of iShares Russell Mid-Cap Growth ETF in the 3rd quarter worth approximately $91,697,000. Jones Financial Companies Lllp lifted its position in shares of iShares Russell Mid-Cap Growth ETF by 6.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 5,577,746 shares of the company’s stock worth $794,992,000 after purchasing an additional 345,906 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in shares of iShares Russell Mid-Cap Growth ETF by 102.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 501,000 shares of the company’s stock worth $71,347,000 after purchasing an additional 253,151 shares during the period. Institutional investors own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Stock Performance

Shares of IWP opened at $138.46 on Tuesday. The company has a 50 day moving average price of $132.77 and a 200-day moving average price of $137.03. iShares Russell Mid-Cap Growth ETF has a fifty-two week low of $108.68 and a fifty-two week high of $145.60. The stock has a market capitalization of $19.90 billion, a PE ratio of 30.48 and a beta of 1.17.

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). 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.