SVB Wealth LLC cut its position in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP – Free Report) by 2.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 185,968 shares of the company’s stock after selling 4,462 shares during the quarter. iShares Russell Mid-Cap Growth ETF makes up about 1.5% of SVB Wealth LLC’s portfolio, making the stock its 14th largest holding. SVB Wealth LLC’s holdings in iShares Russell Mid-Cap Growth ETF were worth $25,466,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the company. Bryn Mawr Trust Advisors LLC increased its position in shares of iShares Russell Mid-Cap Growth ETF by 29.3% during the fourth quarter. Bryn Mawr Trust Advisors LLC now owns 5,100 shares of the company’s stock worth $698,000 after buying an additional 1,157 shares during the period. UNIVEST FINANCIAL Corp increased its position in shares of iShares Russell Mid-Cap Growth ETF by 12.2% during the fourth quarter. UNIVEST FINANCIAL Corp now owns 5,070 shares of the company’s stock worth $694,000 after buying an additional 551 shares during the period. Midwest Trust Co increased its position in shares of iShares Russell Mid-Cap Growth ETF by 1.1% during the fourth quarter. Midwest Trust Co now owns 155,267 shares of the company’s stock worth $21,262,000 after buying an additional 1,764 shares during the period. EWA LLC acquired a new stake in shares of iShares Russell Mid-Cap Growth ETF during the fourth quarter worth $328,000. Finally, Apeiron RIA LLC acquired a new stake in shares of iShares Russell Mid-Cap Growth ETF during the fourth quarter worth $217,000. 74.49% of the stock is currently owned by institutional investors and hedge funds.
iShares Russell Mid-Cap Growth ETF Price Performance
IWP opened at $137.39 on Monday. iShares Russell Mid-Cap Growth ETF has a twelve month low of $122.94 and a twelve month high of $145.60. The company has a fifty day moving average of $133.07 and a 200-day moving average of $136.56. The stock has a market cap of $19.74 billion, a PE ratio of 30.48 and a beta of 1.13.
About iShares Russell Mid-Cap Growth ETF
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). The Index measures the performance of the mid-capitalization growth sector of the United States equity market. It is a subset of the Russell Midcap Index and measures the performance of equity securities of Russell Midcap Index issuers with relatively higher price-to-book ratios and higher forecasted growth.
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