iShares Russell Mid-Cap Growth ETF $IWP Stock: SVB Wealth LLC Reduces Holdings

SVB Wealth LLC lowered its stake in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 12.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 148,761 shares of the company’s stock after selling 20,463 shares during the quarter. iShares Russell Mid-Cap Growth ETF accounts for about 1.4% of SVB Wealth LLC’s portfolio, making the stock its 16th largest position. SVB Wealth LLC’s holdings in iShares Russell Mid-Cap Growth ETF were worth $20,481,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Hilton Head Capital Partners LLC acquired a new stake in shares of iShares Russell Mid-Cap Growth ETF in the third quarter valued at $28,000. McIlrath & Eck LLC purchased a new position in iShares Russell Mid-Cap Growth ETF in the first quarter valued at $26,000. Laurel Wealth Advisors LLC purchased a new position in iShares Russell Mid-Cap Growth ETF in the third quarter valued at $31,000. Allied Private Wealth LLC acquired a new position in iShares Russell Mid-Cap Growth ETF during the 2nd quarter worth $32,000. Finally, Ashton Thomas Securities LLC acquired a new position in iShares Russell Mid-Cap Growth ETF during the 1st quarter worth $30,000. Hedge funds and other institutional investors own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Price Performance

IWP stock opened at $130.27 on Friday. The business’s 50-day moving average is $136.25 and its two-hundred day moving average is $137.28. The firm has a market capitalization of $18.31 billion, a P/E ratio of 27.78 and a beta of 1.13. iShares Russell Mid-Cap Growth ETF has a 1 year low of $122.40 and a 1 year high of $148.29.

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.