Brookstone Capital Management Increases Holdings in iShares Russell Mid-Cap Growth ETF

In the 3rd quarter of the year, Brookstone Capital Management significantly increased its investment in the iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP – Free Report) by 19.8%. This information comes from the latest Form 13F filing submitted to the Securities and Exchange Commission (SEC). Following this increase, Brookstone Capital now holds a total of 13,683 shares of the ETF, having added 2,261 shares during the quarter. The total value of these holdings was approximately $1,605,000, according to the most recent SEC report.

Several other institutional investors have also recently adjusted their stakes in the iShares Russell Mid-Cap Growth ETF. For instance, CNB Bank made a notable change by increasing its investment in the ETF by an impressive 970.8% during the first quarter. As a result, CNB Bank now owns 257 shares valued at around $29,000 after acquiring an additional 233 shares in the previous quarter. Additionally, Richardson Financial Services Inc. acquired a new position in the ETF in the fourth quarter, with a value estimated at about $32,000.

Adirondack Trust Co. also increased its position during the second quarter by 78.3%, bringing its total to 296 shares valued at $33,000 after securing an extra 130 shares. Lynx Investment Advisory has bought a new stake in the ETF, worth approximately $33,000, during the same quarter. Lastly, Northwest Bank & Trust Co. initiated a new investment in the fourth quarter, with an estimated value of $36,000.

Recent Performance of iShares Russell Mid-Cap Growth ETF

On the trading floor, shares of the iShares Russell Mid-Cap Growth ETF opened at $121.16. Over the past year, this ETF recorded a low of $85.24 and reached a high of $121.35, indicating a range in stock performance. Currently, the ETF boasts a market capitalization of $15.67 billion alongside a price-to-earnings ratio of 29.60. It also has a beta of 1.15, suggesting that its price movements are moderately volatile relative to the broader market. The ETF's fifty-day simple moving average stands at $113.11, while the two-hundred day simple average is $111.35.

Understanding 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 (ETF) that aims to mirror the price and yield performance of the Russell Midcap Growth Index. This ETF is designed to offer investors exposure to the mid-cap sector while focusing on growth companies within that market segment.

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ETFs, Investment, Growth