BT Wealth Management LLC cut its holdings in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 4.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,109 shares of the company’s stock after selling 278 shares during the quarter. iShares Russell Mid-Cap Growth ETF comprises 0.5% of BT Wealth Management LLC’s holdings, making the stock its 26th largest position. BT Wealth Management LLC’s holdings in iShares Russell Mid-Cap Growth ETF were worth $829,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Bedel Financial Consulting Inc. purchased a new position in shares of iShares Russell Mid-Cap Growth ETF in the fourth quarter worth about $25,000. WP Advisors LLC purchased a new position in shares of iShares Russell Mid-Cap Growth ETF in the first quarter worth about $31,000. Shine Investment Advisory Services Inc. purchased a new position in shares of iShares Russell Mid-Cap Growth ETF in the fourth quarter worth about $33,000. Legacy Advisors LLC purchased a new position in shares of iShares Russell Mid-Cap Growth ETF in the first quarter worth about $49,000. Finally, Capital Financial Planning LLC purchased a new position in shares of iShares Russell Mid-Cap Growth ETF in the fourth quarter worth about $41,000.

Shares of NYSEARCA:IWP traded down $0.02 during trading on Monday, hitting $140.59. The stock had a trading volume of 262,011 shares, compared to its average volume of 566,378. iShares Russell Mid-Cap Growth ETF has a 12-month low of $105.97 and a 12-month high of $140.88.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Thursday, March 21st were paid a $0.2316 dividend. This represents a $0.93 annualized dividend and a dividend yield of 0.66%. This is a boost from iShares Russell Mid-Cap Growth ETF’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Wednesday, March 20th.

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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).

Further Reading: Differences Between Momentum Investing and Long Term Investing

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Institutional Ownership by Quarter for iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP)

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