Congress Asset Management Co. Increases Stock Holdings in iShares Russell Mid-Cap Growth ETF $IWP

Congress Asset Management Co. boosted its stake in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 118.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 458,580 shares of the company’s stock after acquiring an additional 248,474 shares during the quarter. Congress Asset Management Co. owned 0.31% of iShares Russell Mid-Cap Growth ETF worth $62,798,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IWP. Beaird Harris Wealth Management LLC lifted its holdings in iShares Russell Mid-Cap Growth ETF by 125.0% during the third quarter. Beaird Harris Wealth Management LLC now owns 198 shares of the company’s stock valued at $28,000 after purchasing an additional 110 shares in the last quarter. Imprint Wealth LLC purchased a new stake in shares of iShares Russell Mid-Cap Growth ETF during the third quarter worth about $29,000. Abound Wealth Management raised its position in shares of iShares Russell Mid-Cap Growth ETF by 223.2% during the 3rd quarter. Abound Wealth Management now owns 223 shares of the company’s stock worth $32,000 after purchasing an additional 154 shares during the last quarter. Clean Yield Group acquired a new position in shares of iShares Russell Mid-Cap Growth ETF during the 3rd quarter worth about $33,000. Finally, Ashton Thomas Securities LLC purchased a new position in iShares Russell Mid-Cap Growth ETF in the 3rd quarter valued at about $34,000. Hedge funds and other institutional investors own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Trading Up 1.5%

IWP stock opened at $130.02 on Tuesday. iShares Russell Mid-Cap Growth ETF has a 12-month low of $99.85 and a 12-month high of $145.60. The business’s 50-day moving average is $135.65 and its 200 day moving average is $138.80. The stock has a market cap of $19.07 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.