NewEdge Advisors LLC Sells 19,882 Shares of iShares Russell Mid-Cap Growth ETF $IWP

NewEdge Advisors LLC lessened its stake in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 20.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 75,558 shares of the company’s stock after selling 19,882 shares during the period. NewEdge Advisors LLC’s holdings in iShares Russell Mid-Cap Growth ETF were worth $11,062,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of IWP. Pointe Capital Management LLC grew its stake in shares of iShares Russell Mid-Cap Growth ETF by 5.8% during the 2nd quarter. Pointe Capital Management LLC now owns 22,524 shares of the company’s stock valued at $3,298,000 after acquiring an additional 1,232 shares during the period. IFP Advisors Inc boosted its position in shares of iShares Russell Mid-Cap Growth ETF by 11.4% in the second quarter. IFP Advisors Inc now owns 88,152 shares of the company’s stock worth $12,906,000 after purchasing an additional 9,016 shares during the period. Baird Financial Group Inc. increased its stake in shares of iShares Russell Mid-Cap Growth ETF by 1.8% in the second quarter. Baird Financial Group Inc. now owns 249,376 shares of the company’s stock worth $36,511,000 after purchasing an additional 4,437 shares in the last quarter. New England Professional Planning Group Inc. increased its stake in shares of iShares Russell Mid-Cap Growth ETF by 35.5% in the second quarter. New England Professional Planning Group Inc. now owns 2,410 shares of the company’s stock worth $353,000 after purchasing an additional 632 shares in the last quarter. Finally, Cornerstone Financial Management LLC raised its position in shares of iShares Russell Mid-Cap Growth ETF by 3.2% during the 2nd quarter. Cornerstone Financial Management LLC now owns 11,444 shares of the company’s stock valued at $1,676,000 after purchasing an additional 358 shares during the period. Institutional investors own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Price Performance

Shares of IWP stock opened at $138.00 on Friday. iShares Russell Mid-Cap Growth ETF has a one year low of $122.94 and a one year high of $148.29. The company’s fifty day moving average price is $140.91 and its 200-day moving average price is $137.95. The company has a market capitalization of $19.87 billion, a price-to-earnings ratio of 30.48 and a beta of 1.12.

iShares Russell Mid-Cap Growth ETF 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.