iShares Russell Mid-Cap Growth ETF $IWP Stake Lessened by SVB Wealth LLC

SVB Wealth LLC lessened its holdings in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 4.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 177,337 shares of the company’s stock after selling 8,631 shares during the period. iShares Russell Mid-Cap Growth ETF comprises approximately 1.5% of SVB Wealth LLC’s portfolio, making the stock its 16th biggest position. SVB Wealth LLC owned about 0.12% of iShares Russell Mid-Cap Growth ETF worth $22,720,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Wells Fargo & Company MN grew its stake in iShares Russell Mid-Cap Growth ETF by 1.3% during the 4th quarter. Wells Fargo & Company MN now owns 5,299,199 shares of the company’s stock valued at $725,672,000 after acquiring an additional 69,999 shares in the last quarter. First Command Advisory Services Inc. lifted its position in shares of iShares Russell Mid-Cap Growth ETF by 8.0% in the fourth quarter. First Command Advisory Services Inc. now owns 3,839,481 shares of the company’s stock worth $525,778,000 after purchasing an additional 284,943 shares in the last quarter. LPL Financial LLC lifted its position in shares of iShares Russell Mid-Cap Growth ETF by 6.6% in the fourth quarter. LPL Financial LLC now owns 2,616,494 shares of the company’s stock worth $358,303,000 after purchasing an additional 161,336 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of iShares Russell Mid-Cap Growth ETF by 1.0% during the third quarter. Ameriprise Financial Inc. now owns 2,551,080 shares of the company’s stock worth $363,274,000 after purchasing an additional 26,261 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of iShares Russell Mid-Cap Growth ETF by 0.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,457,673 shares of the company’s stock worth $336,554,000 after purchasing an additional 12,105 shares during the period. Hedge funds and other institutional investors own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Stock Performance

Shares of IWP opened at $141.77 on Tuesday. The company’s 50 day moving average price is $138.37 and its 200 day moving average price is $136.71. iShares Russell Mid-Cap Growth ETF has a 52 week low of $122.94 and a 52 week high of $145.60. The company has a market capitalization of $20.37 billion, a PE ratio of 30.48 and a beta of 1.13.

iShares Russell Mid-Cap Growth ETF Company Profile

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.