iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) Shares Purchased by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. increased its stake in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 26.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,881,474 shares of the company’s stock after buying an additional 389,972 shares during the period. iShares Russell Mid-Cap Growth ETF comprises 0.8% of Envestnet Portfolio Solutions Inc.’s portfolio, making the stock its 27th largest holding. Envestnet Portfolio Solutions Inc. owned 1.45% of iShares Russell Mid-Cap Growth ETF worth $238,477,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of iShares Russell Mid-Cap Growth ETF during the 4th quarter worth approximately $126,309,000. Strategic Financial Concepts LLC boosted its position 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 purchasing an additional 717,981 shares in the last quarter. First Citizens Bank & Trust Co. grew its holdings in iShares Russell Mid-Cap Growth ETF by 25.6% in the fourth quarter. First Citizens Bank & Trust Co. now owns 1,791,302 shares of the company’s stock valued at $227,048,000 after purchasing an additional 365,602 shares during the last quarter. Congress Asset Management Co. increased its position in shares of iShares Russell Mid-Cap Growth ETF by 86.8% in the fourth quarter. Congress Asset Management Co. now owns 687,453 shares of the company’s stock valued at $87,135,000 after buying an additional 319,368 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of iShares Russell Mid-Cap Growth ETF by 156.5% during the 3rd quarter. Wellington Management Group LLP now owns 521,898 shares of the company’s stock worth $61,213,000 after buying an additional 318,410 shares during the last quarter.

iShares Russell Mid-Cap Growth ETF Trading Up 3.2 %

Shares of NYSEARCA IWP opened at $118.60 on Friday. The company’s 50-day moving average price is $130.56 and its 200 day moving average price is $126.19. iShares Russell Mid-Cap Growth ETF has a 52 week low of $101.12 and a 52 week high of $139.68. The stock has a market cap of $16.27 billion, a price-to-earnings ratio of 28.98 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).