MV Capital Management Inc. Grows Stock Holdings in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP)

MV Capital Management Inc. increased its holdings in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 0.8% in the 4th quarter, HoldingsChannel reports. The firm owned 30,301 shares of the company’s stock after acquiring an additional 244 shares during the quarter. MV Capital Management Inc.’s holdings in iShares Russell Mid-Cap Growth ETF were worth $3,841,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IWP. Raymond James Financial Inc. purchased a new position in shares of iShares Russell Mid-Cap Growth ETF during the 4th quarter valued at about $126,309,000. Strategic Financial Concepts LLC grew its holdings in iShares Russell Mid-Cap Growth ETF by 12,202.3% during the fourth quarter. Strategic Financial Concepts LLC now owns 723,865 shares of the company’s stock worth $91,750,000 after acquiring an additional 717,981 shares during the period. Angeles Investment Advisors LLC purchased a new position in iShares Russell Mid-Cap Growth ETF during the fourth quarter valued at approximately $80,144,000. Envestnet Portfolio Solutions Inc. lifted its holdings in iShares Russell Mid-Cap Growth ETF by 26.1% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,881,474 shares of the company’s stock valued at $238,477,000 after acquiring an additional 389,972 shares during the period. Finally, First Citizens Bank & Trust Co. boosted its position in iShares Russell Mid-Cap Growth ETF by 25.6% in the 4th quarter. First Citizens Bank & Trust Co. now owns 1,791,302 shares of the company’s stock worth $227,048,000 after purchasing an additional 365,602 shares in the last quarter.

iShares Russell Mid-Cap Growth ETF Price Performance

NYSEARCA:IWP opened at $117.63 on Friday. The company has a 50 day moving average price of $128.92 and a 200-day moving average price of $126.76. iShares Russell Mid-Cap Growth ETF has a 1-year low of $101.12 and a 1-year high of $139.68. The firm has a market cap of $16.52 billion, a price-to-earnings ratio of 29.68 and a beta of 1.16.

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).