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

Brookstone Capital Management has significantly increased its investment in the iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 19.8% during the third quarter, as detailed in its recent Form 13F filing with the Securities and Exchange Commission. Following this acquisition, Brookstone now holds a total of 13,683 shares of the ETF after purchasing an additional 2,261 shares.

As of the latest SEC filing, the value of Brookstone Capital Management's investment in the iShares Russell Mid-Cap Growth ETF stands at approximately $1,605,000.

In addition to Brookstone, several other institutional investors have also adjusted their holdings in the iShares Russell Mid-Cap Growth ETF recently. For instance, CNB Bank increased its stake by an impressive 970.8% in the first quarter, acquiring a total of 257 shares valued at around $29,000 after purchasing 233 additional shares in the last quarter.

Richardson Financial Services Inc. entered a new position in the ETF during the fourth quarter, with a valuation close to $32,000. Furthermore, Adirondack Trust Co. expanded its holdings by 78.3% during the second quarter, raising its ownership to 296 shares valued at $33,000 by adding 130 shares.

Lynx Investment Advisory also acquired a new stake in the ETF during the second quarter, valued at about $33,000. In the fourth quarter, Northwest Bank & Trust Co. also made a new investment in the iShares Russell Mid-Cap Growth ETF valued at around $36,000.

Recent Performance of iShares Russell Mid-Cap Growth ETF

On the trading front, shares of the iShares Russell Mid-Cap Growth ETF opened at $121.16 recently. Over the past twelve months, this ETF has experienced a low of $85.24 and a high of $121.35. The ETF currently boasts a market capitalization of approximately $15.67 billion, with a price-to-earnings (P/E) ratio of 29.60 and a beta of 1.15, indicating its level of volatility compared to the broader market. Its fifty-day and two-hundred-day simple moving averages are currently $113.11 and $111.35, respectively.

Overview of 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 provide investment results that correspond to the price and yield performance of the Russell Midcap Growth Index.

Brookstone, Investment, ETF