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

Brookstone Capital Management has reported an increase in its investment in the iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 19.8% during the third quarter, according to their latest Form 13F filing with the Securities and Exchange Commission. Following this acquisition, the fund now holds a total of 13,683 shares of the ETF, after purchasing an additional 2,261 shares in this time frame. The value of Brookstone's holdings in the iShares Russell Mid-Cap Growth ETF stands at approximately $1,605,000 based on their most recent SEC filing.

In addition to Brookstone Capital Management, various other institutional investors have also made adjustments to their positions in the iShares Russell Mid-Cap Growth ETF. For instance, CNB Bank significantly increased its stake in the ETF by 970.8% in the first quarter, bringing its total to 257 shares valued at around $29,000 after acquiring an extra 233 shares recently. Similarly, Richardson Financial Services Inc. established a new position during the fourth quarter, valued at approximately $32,000. Adirondack Trust Co. also raised its holdings in the ETF by 78.3% in the second quarter, now owning 296 shares worth about $33,000 after adding 130 shares. Other investors, such as Lynx Investment Advisory and Northwest Bank & Trust Co., also purchased new stakes, valued at $33,000 and $36,000, respectively.

iShares Russell Mid-Cap Growth ETF Performance

On Friday, the iShares Russell Mid-Cap Growth ETF opened at $121.16, experiencing a slight increase of 1.5%. The ETF has shown a remarkable performance over the past year, with a 12-month low of $85.24 and a 12-month high reaching $121.35. The market capitalization of the ETF is currently valued at $15.67 billion, with a price-to-earnings (P/E) ratio of 29.60 and a beta of 1.15, indicating some volatility compared to the market. Moreover, the ETF's fifty-day simple moving average is pegged at $113.11, while its two-hundred day simple moving average is at $111.35.

About iShares Russell Mid-Cap Growth ETF

The iShares Russell Mid-Cap Growth ETF, previously known as the iShares Russell Midcap Growth Index Fund (the Growth Fund), is an exchange-traded fund (ETF) designed to track the investment results that correspond, before fees and expenses, to the price and yield performance of the Russell Midcap Growth Index (the Growth Index).

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Brookstone, Investment, ETFs