iShares Russell Mid-Cap Growth ETF $IWP Shares Purchased by Parallel Advisors LLC

Parallel Advisors LLC increased its position in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 29.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,401 shares of the company’s stock after purchasing an additional 4,633 shares during the quarter. Parallel Advisors LLC’s holdings in iShares Russell Mid-Cap Growth ETF were worth $2,794,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of IWP. CIBC Bancorp USA Inc. acquired a new position in shares of iShares Russell Mid-Cap Growth ETF during the 3rd quarter worth approximately $91,697,000. BNP Paribas Financial Markets grew its stake in iShares Russell Mid-Cap Growth ETF by 102.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 501,000 shares of the company’s stock worth $71,347,000 after acquiring an additional 253,151 shares during the period. Congress Asset Management Co. grew its stake in iShares Russell Mid-Cap Growth ETF by 118.3% in the 4th quarter. Congress Asset Management Co. now owns 458,580 shares of the company’s stock worth $62,798,000 after acquiring an additional 248,474 shares during the period. Cullen Frost Bankers Inc. grew its stake in iShares Russell Mid-Cap Growth ETF by 20.5% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,439,846 shares of the company’s stock worth $197,173,000 after acquiring an additional 244,984 shares during the period. Finally, Washington Trust Bank grew its stake in iShares Russell Mid-Cap Growth ETF by 934.5% in the 4th quarter. Washington Trust Bank now owns 165,647 shares of the company’s stock worth $22,684,000 after acquiring an additional 149,634 shares during the period. 74.49% of the stock is currently owned by institutional investors and hedge funds.

iShares Russell Mid-Cap Growth ETF Stock Performance

IWP stock opened at $139.23 on Friday. The stock has a market capitalization of $20.00 billion, a P/E ratio of 30.48 and a beta of 1.13. iShares Russell Mid-Cap Growth ETF has a one year low of $122.94 and a one year high of $145.60. The company has a 50 day moving average price of $135.69 and a two-hundred day moving average price of $136.32.

iShares Russell Mid-Cap Growth ETF 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.