Assetmark Inc. Cuts Stake in iShares Russell Mid-Cap Growth ETF $IWP

Assetmark Inc. cut its stake in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 14.1% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 60,845 shares of the company’s stock after selling 9,984 shares during the period. Assetmark Inc.’s holdings in iShares Russell Mid-Cap Growth ETF were worth $8,665,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Financial Gravity Companies Inc. bought a new stake in shares of iShares Russell Mid-Cap Growth ETF in the 2nd quarter worth about $28,000. Abound Wealth Management increased its holdings in iShares Russell Mid-Cap Growth ETF by 223.2% in the third quarter. Abound Wealth Management now owns 223 shares of the company’s stock valued at $32,000 after buying an additional 154 shares during the last quarter. Clean Yield Group acquired a new stake in iShares Russell Mid-Cap Growth ETF during the third quarter valued at approximately $33,000. Ashton Thomas Securities LLC bought a new position in iShares Russell Mid-Cap Growth ETF during the 3rd quarter worth approximately $34,000. Finally, WFA of San Diego LLC bought a new position in iShares Russell Mid-Cap Growth ETF during the 2nd quarter worth approximately $47,000. Institutional investors and hedge funds own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Trading Up 1.1%

Shares of NYSEARCA IWP opened at $134.37 on Tuesday. The company has a market capitalization of $19.71 billion, a price-to-earnings ratio of 30.48 and a beta of 1.15. iShares Russell Mid-Cap Growth ETF has a twelve month low of $99.85 and a twelve month high of $145.60. The business has a 50 day simple moving average of $138.38 and a 200-day simple moving average of $140.06.

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.