AMJ Financial Wealth Management has decreased its stake in the iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 6.5% during the second quarter of 2023. According to the firm’s latest Form 13F filing with the Securities and Exchange Commission, AMJ now holds 7,864 shares of the ETF after selling 544 shares in this period. The value of AMJ’s holdings in the iShares Russell Mid-Cap Growth ETF is approximately $1,091,000.
Several other institutional investors have also adjusted their positions in the ETF. Notably, Kingstone Capital Partners Texas LLC significantly increased its stake by an astonishing 744,932.0% during the same quarter. This has resulted in ownership of 14,565,376 shares valued at $2,019,926,000 after acquiring an additional 14,563,421 shares.
Jones Financial Companies Lllp raised its stake in the ETF by 7.1% during the first quarter, now owning 4,861,523 shares worth $571,855,000 following the purchase of an additional 323,885 shares. Envestnet Asset Management Inc. also increased its holdings by 3.2% in the second quarter, resulting in ownership of 1,990,778 shares valued at $276,081,000.
US Bancorp DE lifted its holdings by 0.7% during the second quarter, acquiring an additional 11,655 shares, bringing their total to 1,572,826 shares valued at $218,120,000. Northwestern Mutual Wealth Management Co. expanded its position by 21.2%, now holding 1,348,494 shares worth $187,009,000 after purchasing an additional 236,001 shares.
Institutional investors collectively own 74.49% of the iShares Russell Mid-Cap Growth ETF.
Performance Overview
As of the latest trading session, shares of the iShares Russell Mid-Cap Growth ETF opened at $137.75. The ETF boasts a market capitalization of $20.13 billion, a price-to-earnings ratio of 30.48, and a beta of 1.15. Over the past year, the ETF has experienced a low of $99.85 and a high of $145.60. Its fifty-day moving average price currently stands at $140.46, with a 200-day moving average of $139.38.
About iShares Russell Mid-Cap Growth ETF
The iShares Russell Mid-Cap Growth ETF, formerly known as the iShares Russell Midcap Growth Index Fund, is an exchange-traded fund that aims to replicate the price and yield performance of the Russell Midcap Growth Index. This index represents mid-sized companies that exhibit growth characteristics, making the ETF a popular option for investors looking to gain exposure to this segment of the market.
For those interested in tracking hedge fund activities and recent changes in holdings related to the iShares Russell Mid-Cap Growth ETF, additional resources are available through HoldingsChannel.com, which provides the latest 13F filings and insider trades.
