Stephens Group Asset Management LLC Purchases 70,933 Shares of iShares Russell Mid-Cap Growth ETF $IWP

Stephens Group Asset Management LLC raised its position in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 12.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 633,950 shares of the company’s stock after buying an additional 70,933 shares during the quarter. iShares Russell Mid-Cap Growth ETF makes up approximately 5.0% of Stephens Group Asset Management LLC’s portfolio, making the stock its 9th biggest position. Stephens Group Asset Management LLC owned approximately 0.45% of iShares Russell Mid-Cap Growth ETF worth $87,282,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Envestnet Asset Management Inc. increased its holdings in shares of iShares Russell Mid-Cap Growth ETF by 1.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,866,456 shares of the company’s stock valued at $858,908,000 after acquiring an additional 93,924 shares during the period. Cassaday & Co Wealth Management LLC boosted its stake in iShares Russell Mid-Cap Growth ETF by 1.9% during the 1st quarter. Cassaday & Co Wealth Management LLC now owns 2,184,734 shares of the company’s stock worth $279,908,000 after purchasing an additional 41,659 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in iShares Russell Mid-Cap Growth ETF by 5.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,486,576 shares of the company’s stock worth $217,650,000 after purchasing an additional 71,020 shares during the last quarter. Mariner LLC grew its position in iShares Russell Mid-Cap Growth ETF by 7.7% during the 4th quarter. Mariner LLC now owns 666,081 shares of the company’s stock worth $91,213,000 after purchasing an additional 47,836 shares during the last quarter. Finally, Focus Partners Wealth increased its stake in iShares Russell Mid-Cap Growth ETF by 14.0% in the fourth quarter. Focus Partners Wealth now owns 652,159 shares of the company’s stock valued at $89,340,000 after purchasing an additional 80,331 shares during the period. 74.49% of the stock is owned by institutional investors and hedge funds.

iShares Russell Mid-Cap Growth ETF Price Performance

Shares of NYSEARCA:IWP traded up $1.93 on Friday, reaching $142.83. The company’s stock had a trading volume of 241,133 shares, compared to its average volume of 876,138. The stock’s 50-day moving average is $140.74 and its two-hundred day moving average is $138.70. iShares Russell Mid-Cap Growth ETF has a 52-week low of $122.94 and a 52-week high of $148.29. The stock has a market capitalization of $20.07 billion, a P/E ratio of 30.48 and a beta of 1.13.

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.