Oppenheimer & Co. Inc. Sells 12,487 Shares of iShares Russell Mid-Cap Growth ETF $IWP

Oppenheimer & Co. Inc. cut its stake in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 6.2% in the second quarter, Holdings Channel reports. The firm owned 187,930 shares of the company’s stock after selling 12,487 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in iShares Russell Mid-Cap Growth ETF were worth $27,515,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Processus Wealth & Capital Management LLC lifted its stake in iShares Russell Mid-Cap Growth ETF by 3.4% in the second quarter. Processus Wealth & Capital Management LLC now owns 36,042 shares of the company’s stock valued at $5,277,000 after buying an additional 1,175 shares during the period. Annex Advisory Services LLC boosted its holdings in iShares Russell Mid-Cap Growth ETF by 1.4% during the second quarter. Annex Advisory Services LLC now owns 6,696 shares of the company’s stock worth $980,000 after buying an additional 91 shares during the last quarter. GenWealth Group Inc. acquired a new position in shares of iShares Russell Mid-Cap Growth ETF during the 2nd quarter worth about $30,490,000. Diversified Management Inc. grew its position in shares of iShares Russell Mid-Cap Growth ETF by 1.0% during the 2nd quarter. Diversified Management Inc. now owns 124,322 shares of the company’s stock worth $18,202,000 after buying an additional 1,202 shares during the period. Finally, City Holding Co. grew its position in shares of iShares Russell Mid-Cap Growth ETF by 2.9% during the 2nd quarter. City Holding Co. now owns 3,704 shares of the company’s stock worth $542,000 after buying an additional 103 shares during the period. Institutional investors own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Price Performance

Shares of IWP stock opened at $147.25 on Friday. The stock has a market cap of $21.20 billion, a PE ratio of 30.48 and a beta of 1.12. The stock has a 50-day moving average of $141.21 and a 200-day moving average of $137.22. iShares Russell Mid-Cap Growth ETF has a one year low of $122.94 and a one year high of $147.72.

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.