Summit Wealth Group LLC Co. Takes $3.19 Million Position in iShares Russell Mid-Cap Growth ETF $IWP

Summit Wealth Group LLC Co. bought a new stake in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 23,280 shares of the company’s stock, valued at approximately $3,188,000.

A number of other hedge funds also recently modified their holdings of IWP. Revolve Wealth Partners LLC lifted its holdings in shares of iShares Russell Mid-Cap Growth ETF by 2.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 7,370 shares of the company’s stock valued at $934,000 after purchasing an additional 182 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of iShares Russell Mid-Cap Growth ETF by 59.9% in the first quarter. AQR Capital Management LLC now owns 2,868 shares of the company’s stock valued at $337,000 after purchasing an additional 1,074 shares in the last quarter. First Trust Advisors LP purchased a new stake in shares of iShares Russell Mid-Cap Growth ETF in the second quarter valued at $257,000. Qube Research & Technologies Ltd lifted its holdings in shares of iShares Russell Mid-Cap Growth ETF by 22.6% in the second quarter. Qube Research & Technologies Ltd now owns 116,038 shares of the company’s stock valued at $16,092,000 after purchasing an additional 21,353 shares in the last quarter. Finally, Peapack Gladstone Financial Corp lifted its holdings in shares of iShares Russell Mid-Cap Growth ETF by 17.2% in the second quarter. Peapack Gladstone Financial Corp now owns 50,186 shares of the company’s stock valued at $6,960,000 after purchasing an additional 7,376 shares in the last quarter. Hedge funds and other institutional investors own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Stock Down 0.8%

IWP opened at $136.65 on Wednesday. The stock has a fifty day moving average of $133.08 and a 200-day moving average of $136.45. The firm has a market capitalization of $19.63 billion, a P/E ratio of 30.48 and a beta of 1.13. iShares Russell Mid-Cap Growth ETF has a 12-month low of $122.94 and a 12-month high of $145.60.

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.