Stone Wealth Partners Makes New Investment in iShares Russell Mid-Cap Growth ETF $IWP

Stone Wealth Partners purchased a new position in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) in the fourth quarter, Holdings Channel.com reports. The firm purchased 24,224 shares of the company’s stock, valued at approximately $3,317,000. iShares Russell Mid-Cap Growth ETF makes up approximately 3.0% of Stone Wealth Partners’ investment portfolio, making the stock its 9th biggest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Richards Merrill & Peterson Inc. bought a new position in iShares Russell Mid-Cap Growth ETF in the 4th quarter worth approximately $25,000. CNB Bank grew its stake in iShares Russell Mid-Cap Growth ETF by 478.8% during the fourth quarter. CNB Bank now owns 191 shares of the company’s stock valued at $26,000 after acquiring an additional 158 shares in the last quarter. Beaird Harris Wealth Management LLC grew its stake in iShares Russell Mid-Cap Growth ETF by 125.0% during the third quarter. Beaird Harris Wealth Management LLC now owns 198 shares of the company’s stock valued at $28,000 after acquiring an additional 110 shares in the last quarter. Hilton Head Capital Partners LLC purchased a new position in iShares Russell Mid-Cap Growth ETF during the fourth quarter valued at $27,000. Finally, Imprint Wealth LLC bought a new stake in iShares Russell Mid-Cap Growth ETF in the 3rd quarter valued at $29,000. 74.49% of the stock is owned by institutional investors.

iShares Russell Mid-Cap Growth ETF Stock Up 1.0%

Shares of IWP stock opened at $141.95 on Friday. The stock has a market cap of $20.39 billion, a P/E ratio of 30.48 and a beta of 1.13. iShares Russell Mid-Cap Growth ETF has a 52 week low of $122.94 and a 52 week high of $145.60. The company’s fifty day simple moving average is $137.98 and its two-hundred day simple moving average is $136.65.

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.