iShares Russell Midcap Growth ETF (IWP)

The iShares Russell Midcap Growth ETF (IWP) is an exchange-traded fund that seeks to track the investment results of an index composed of mid-capitalization U.S. equities that exhibit growth characteristics. The fund employs a passive management or indexing investment strategy and seeks to replicate the performance of the Russell Midcap Growth Index.

The Russell Midcap Growth Index measures the performance of mid-cap growth sector of the U.S. equity market. The index is a subset of the Russell Midcap Index, which represents approximately the 800 smallest companies in the Russell 1000 Index. The growth component is comprised of companies whose earnings are expected to grow at an above-average rate relative to the market. The index is rebalanced annually in June.

The fund's largest sector allocations are information technology, health care, and consumer discretionary. The top holdings in the fund include companies like Square, DocuSign, and Zoom Video Communications.

The fund offers investors exposure to a diversified portfolio of mid-cap U.S. companies with growth characteristics, making it a potential option for those seeking growth-oriented investments with moderate risk.