Processus Wealth & Capital Management LLC Purchases 6,291 Shares of iShares Russell Mid-Cap Growth ETF $IWP

Processus Wealth & Capital Management LLC boosted its position in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 25.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 31,460 shares of the company’s stock after acquiring an additional 6,291 shares during the period. iShares Russell Mid-Cap Growth ETF makes up about 3.2% of Processus Wealth & Capital Management LLC’s portfolio, making the stock its 11th largest position. Processus Wealth & Capital Management LLC’s holdings in iShares Russell Mid-Cap Growth ETF were worth $4,480,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of IWP. Financial Gravity Companies Inc. bought a new position in shares of iShares Russell Mid-Cap Growth ETF during the 2nd quarter worth approximately $28,000. Abound Wealth Management raised its stake in iShares Russell Mid-Cap Growth ETF by 223.2% in the 3rd quarter. Abound Wealth Management now owns 223 shares of the company’s stock valued at $32,000 after acquiring an additional 154 shares during the period. Clean Yield Group acquired a new stake in iShares Russell Mid-Cap Growth ETF during the 3rd quarter valued at $33,000. Ashton Thomas Securities LLC bought a new position in iShares Russell Mid-Cap Growth ETF during the third quarter worth $34,000. Finally, Berkshire Money Management Inc. bought a new position in iShares Russell Mid-Cap Growth ETF during the second quarter worth $45,000. Institutional investors and hedge funds own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Price Performance

NYSEARCA:IWP opened at $136.15 on Tuesday. The company has a market cap of $20.15 billion, a P/E ratio of 30.48 and a beta of 1.15. The firm’s fifty day moving average price is $139.13 and its two-hundred day moving average price is $140.53. iShares Russell Mid-Cap Growth ETF has a one year low of $99.85 and a one year high of $145.60.

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.