PNC Financial Services Group Inc. trimmed its holdings in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP – Free Report) by 1.0% in the first quarter, Holdings Channel reports. The firm owned 2,434,200 shares of the company’s stock after selling 23,473 shares during the period. PNC Financial Services Group Inc.’s holdings in iShares Russell Mid-Cap Growth ETF were worth $311,870,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the stock. Cassaday & Co Wealth Management LLC raised its position in iShares Russell Mid-Cap Growth ETF by 1.9% in the first quarter. Cassaday & Co Wealth Management LLC now owns 2,184,734 shares of the company’s stock valued at $279,908,000 after purchasing an additional 41,659 shares during the period. JMG Financial Group Ltd. lifted its stake in shares of iShares Russell Mid-Cap Growth ETF by 1.0% during the first quarter. JMG Financial Group Ltd. now owns 114,619 shares of the company’s stock worth $14,685,000 after purchasing an additional 1,099 shares in the last quarter. MWA Asset Management boosted its position in shares of iShares Russell Mid-Cap Growth ETF by 1.2% in the first quarter. MWA Asset Management now owns 14,838 shares of the company’s stock worth $1,901,000 after buying an additional 180 shares during the period. Scarborough Advisors LLC purchased a new stake in shares of iShares Russell Mid-Cap Growth ETF in the first quarter worth about $109,000. Finally, Decker Wealth Management LLC acquired a new stake in shares of iShares Russell Mid-Cap Growth ETF in the first quarter valued at about $699,000. 74.49% of the stock is currently owned by institutional investors and hedge funds.
iShares Russell Mid-Cap Growth ETF Stock Performance
Shares of NYSEARCA:IWP opened at $139.64 on Wednesday. The company has a market cap of $20.42 billion, a P/E ratio of 30.48 and a beta of 1.12. iShares Russell Mid-Cap Growth ETF has a one year low of $122.94 and a one year high of $146.64. The business’s 50-day simple moving average is $140.76 and its 200 day simple moving average is $137.12.
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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