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

Brookstone Capital Management has significantly increased its holdings in the iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 19.8% during the third quarter, as reported in their recent Form 13F filing with the Securities and Exchange Commission. After acquiring an additional 2,261 shares, the fund now holds a total of 13,683 shares of the ETF. As per their latest SEC filing, the value of Brookstone Capital Management's investment in iShares Russell Mid-Cap Growth ETF stands at approximately $1,605,000.

Several other institutional investors have also made adjustments to their positions in the ETF recently. For instance, CNB Bank boosted its stake in iShares Russell Mid-Cap Growth ETF by a remarkable 970.8% in the first quarter, bringing its total ownership to 257 shares valued at $29,000 after adding 233 shares in the previous quarter. Additionally, Richardson Financial Services Inc. initiated a new position in the ETF during the fourth quarter, with an estimated value of around $32,000.

Furthermore, Adirondack Trust Co. increased its investment in iShares Russell Mid-Cap Growth ETF by 78.3% in the second quarter. They now own 296 shares, valued at $33,000, after acquiring an extra 130 shares. Lynx Investment Advisory also bought a new stake in the ETF during the same period, worth $33,000. Lastly, Northwest Bank & Trust Co. took a new position in iShares Russell Mid-Cap Growth ETF during the fourth quarter, valued at approximately $36,000.

Trading Performance of iShares Russell Mid-Cap Growth ETF

As of the last trading session, iShares Russell Mid-Cap Growth ETF shares opened at $121.16. The ETF has seen fluctuations, with a 12-month low of $85.24 and a high of $121.35. Currently, its market capitalization is approximately $15.67 billion. The fund has a P/E ratio of 29.60 and a beta of 1.15, indicating it is slightly more volatile than the overall market. Over the last fifty days, the simple moving average stands at $113.11, while the two-hundred day simple moving average is $111.35.

Overview of iShares Russell Mid-Cap Growth ETF

The iShares Russell Mid-Cap Growth ETF, formerly known as iShares Russell Midcap Growth Index Fund, is designed to track the performance, price, and yield of the Russell Midcap Growth Index. The fund aims to provide investors with results that mirror the performance of this index before deducting any fees and expenses.

Conclusion

With growing institutional interest as reflected by significant changes in holdings, the iShares Russell Mid-Cap Growth ETF continues to attract attention from various investors. Brookstone Capital Management’s recent investment demonstrates confidence in the ETF's potential moving forward.

investment, ETF, stocks