American Wealth Advisors LLC Purchases New Position in iShares Russell Mid-Cap Growth ETF $IWP

American Wealth Advisors LLC purchased a new position in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 13,718 shares of the company’s stock, valued at approximately $1,954,000. iShares Russell Mid-Cap Growth ETF accounts for about 1.9% of American Wealth Advisors LLC’s investment portfolio, making the stock its 10th biggest holding.

Other hedge funds also recently bought and sold shares of the company. Arcadia Investment Management Corp MI raised its stake in shares of iShares Russell Mid-Cap Growth ETF by 0.9% during the 2nd quarter. Arcadia Investment Management Corp MI now owns 8,425 shares of the company’s stock worth $1,168,000 after buying an additional 75 shares during the period. PFG Investments LLC grew its stake in iShares Russell Mid-Cap Growth ETF by 2.8% in the 3rd quarter. PFG Investments LLC now owns 2,914 shares of the company’s stock valued at $415,000 after acquiring an additional 80 shares during the period. Breakwater Capital Group increased its holdings in iShares Russell Mid-Cap Growth ETF by 3.6% in the 3rd quarter. Breakwater Capital Group now owns 2,375 shares of the company’s stock worth $338,000 after acquiring an additional 82 shares in the last quarter. BCGM Wealth Management LLC increased its holdings in iShares Russell Mid-Cap Growth ETF by 3.2% in the 3rd quarter. BCGM Wealth Management LLC now owns 2,684 shares of the company’s stock worth $382,000 after acquiring an additional 84 shares in the last quarter. Finally, Bedel Financial Consulting Inc. raised its position in iShares Russell Mid-Cap Growth ETF by 1.2% during the third quarter. Bedel Financial Consulting Inc. now owns 7,283 shares of the company’s stock worth $1,037,000 after acquiring an additional 86 shares during the period. Hedge funds and other institutional investors own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Stock Up 0.5%

IWP opened at $136.23 on Thursday. The firm’s fifty day simple moving average is $137.64 and its two-hundred day simple moving average is $139.70. 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 $19.98 billion, a price-to-earnings 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.