Field & Main Bank Makes New Investment in iShares Russell Mid-Cap Growth ETF $IWP

Field & Main Bank acquired a new stake in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 55,869 shares of the company’s stock, valued at approximately $8,180,000. iShares Russell Mid-Cap Growth ETF comprises 1.3% of Field & Main Bank’s holdings, making the stock its 21st largest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. CIBC Private Wealth Group LLC grew its holdings in shares of iShares Russell Mid-Cap Growth ETF by 103.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,309,901 shares of the company’s stock valued at $179,378,000 after acquiring an additional 667,479 shares in the last quarter. Wellington Management Group LLP purchased a new position in iShares Russell Mid-Cap Growth ETF in the second quarter worth $54,218,000. Fifth Third Bancorp boosted its position in iShares Russell Mid-Cap Growth ETF by 153.0% in the first quarter. Fifth Third Bancorp now owns 511,007 shares of the company’s stock worth $65,470,000 after purchasing an additional 309,058 shares during the last quarter. First Command Advisory Services Inc. grew its stake in iShares Russell Mid-Cap Growth ETF by 8.0% in the 4th quarter. First Command Advisory Services Inc. now owns 3,839,481 shares of the company’s stock valued at $525,778,000 after purchasing an additional 284,943 shares during the period. Finally, Align Financial LLC bought a new position in iShares Russell Mid-Cap Growth ETF in the 4th quarter valued at $38,443,000. Hedge funds and other institutional investors own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Price Performance

NYSEARCA IWP opened at $140.91 on Friday. The business’s fifty day moving average is $141.71 and its 200-day moving average is $137.72. The stock has a market capitalization of $20.28 billion, a price-to-earnings 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 $148.29.

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.