Gladstone Institutional Advisory LLC Sells 8,221 Shares of iShares Russell Mid-Cap Growth ETF $IWP

Gladstone Institutional Advisory LLC lessened its position in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 13.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 51,491 shares of the company’s stock after selling 8,221 shares during the period. Gladstone Institutional Advisory LLC’s holdings in iShares Russell Mid-Cap Growth ETF were worth $7,333,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Financial Gravity Companies Inc. purchased a new position in iShares Russell Mid-Cap Growth ETF in the 2nd quarter worth approximately $28,000. Abound Wealth Management boosted its stake in 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 valued at $32,000 after purchasing an additional 154 shares during the last quarter. Ryan Investment Management Inc. bought a new stake in shares of iShares Russell Mid-Cap Growth ETF in the 2nd quarter worth $36,000. Berkshire Money Management Inc. bought a new stake in shares of iShares Russell Mid-Cap Growth ETF in the 2nd quarter worth $45,000. Finally, WFA of San Diego LLC purchased a new position in shares of iShares Russell Mid-Cap Growth ETF in the second quarter worth $47,000. Hedge funds and other institutional investors own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Price Performance

Shares of NYSEARCA:IWP opened at $139.68 on Tuesday. iShares Russell Mid-Cap Growth ETF has a 1 year low of $99.85 and a 1 year high of $145.60. The company has a market cap of $20.90 billion, a P/E ratio of 30.48 and a beta of 1.15. The stock’s fifty day moving average price is $138.48 and its 200-day moving average price is $140.29.

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.