Granite Harbor Advisors Inc. Invests $591,000 in iShares Russell Mid-Cap Growth ETF $IWP

Granite Harbor Advisors Inc. bought a new stake in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 4,147 shares of the company’s stock, valued at approximately $591,000.

A number of other hedge funds and other institutional investors have also modified their holdings of IWP. Stevens Capital Partners lifted its stake in iShares Russell Mid-Cap Growth ETF by 3.9% during the third quarter. Stevens Capital Partners now owns 58,856 shares of the company’s stock valued at $8,382,000 after buying an additional 2,205 shares in the last quarter. City Holding Co. increased its position in shares of iShares Russell Mid-Cap Growth ETF by 9.4% in the third quarter. City Holding Co. now owns 3,566 shares of the company’s stock worth $508,000 after acquiring an additional 307 shares in the last quarter. Mechanics Bank Trust Department raised its holdings in shares of iShares Russell Mid-Cap Growth ETF by 11.3% during the third quarter. Mechanics Bank Trust Department now owns 135,359 shares of the company’s stock valued at $19,276,000 after acquiring an additional 13,692 shares during the period. Abacus Planning Group Inc. lifted its position in shares of iShares Russell Mid-Cap Growth ETF by 29.3% in the 3rd quarter. Abacus Planning Group Inc. now owns 2,920 shares of the company’s stock valued at $416,000 after acquiring an additional 661 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its position in shares of iShares Russell Mid-Cap Growth ETF by 3.4% in the 3rd quarter. Global Retirement Partners LLC now owns 16,515 shares of the company’s stock valued at $2,352,000 after acquiring an additional 539 shares in the last quarter. Institutional investors and hedge funds own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Stock Performance

iShares Russell Mid-Cap Growth ETF stock opened at $139.68 on Tuesday. iShares Russell Mid-Cap Growth ETF has a 52 week low of $99.85 and a 52 week high of $145.60. The firm has a market capitalization of $20.90 billion, a price-to-earnings ratio of 30.48 and a beta of 1.15. The company has a 50 day moving average price of $138.48 and a 200 day moving average price of $140.29.

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). 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.