Moran Wealth Management LLC Purchases Shares of 14,625 iShares Russell Mid-Cap Growth ETF $IWP

Moran Wealth Management LLC purchased a new stake in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 14,625 shares of the company’s stock, valued at approximately $2,083,000.

Several other institutional investors have also modified their holdings of IWP. Investment Partners LTD. raised its position in iShares Russell Mid-Cap Growth ETF by 6.2% in the second quarter. Investment Partners LTD. now owns 40,415 shares of the company’s stock worth $5,605,000 after acquiring an additional 2,371 shares in the last quarter. DAVENPORT & Co LLC grew its stake in shares of iShares Russell Mid-Cap Growth ETF by 35.0% in the 2nd quarter. DAVENPORT & Co LLC now owns 5,918 shares of the company’s stock worth $821,000 after purchasing an additional 1,535 shares during the last quarter. Atlantic Union Bankshares Corp grew its stake in shares of iShares Russell Mid-Cap Growth ETF by 212.5% in the 2nd quarter. Atlantic Union Bankshares Corp now owns 19,361 shares of the company’s stock worth $2,685,000 after purchasing an additional 13,165 shares during the last quarter. Advyzon Investment Management LLC bought a new stake in shares of iShares Russell Mid-Cap Growth ETF in the 2nd quarter worth approximately $419,000. Finally, Avantax Advisory Services Inc. lifted its stake in iShares Russell Mid-Cap Growth ETF by 2.8% during the second quarter. Avantax Advisory Services Inc. now owns 89,685 shares of the company’s stock valued at $12,437,000 after purchasing an additional 2,437 shares during the last quarter. Institutional investors and hedge funds own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Stock Performance

Shares of NYSEARCA:IWP opened at $140.97 on Friday. The stock has a market capitalization of $21.16 billion, a price-to-earnings ratio of 30.48 and a beta of 1.15. 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 50 day moving average price of $138.38 and a 200 day moving average price of $140.39.

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.