Passumpsic Savings Bank Acquires New Position in iShares Russell Mid-Cap Growth ETF $IWP

Passumpsic Savings Bank purchased a new stake in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 14,289 shares of the company’s stock, valued at approximately $1,957,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IWP. Richards Merrill & Peterson Inc. acquired a new stake in iShares Russell Mid-Cap Growth ETF in the 4th quarter valued at about $25,000. Beaird Harris Wealth Management LLC grew its stake in iShares Russell Mid-Cap Growth ETF by 125.0% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 198 shares of the company’s stock valued at $28,000 after acquiring an additional 110 shares during the last quarter. Imprint Wealth LLC acquired a new stake in iShares Russell Mid-Cap Growth ETF in the 3rd quarter valued at about $29,000. Laurel Wealth Advisors LLC acquired a new stake in iShares Russell Mid-Cap Growth ETF in the 4th quarter valued at about $30,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in iShares Russell Mid-Cap Growth ETF in the 3rd quarter valued at about $39,000. 74.49% of the stock is owned by institutional investors and hedge funds.

iShares Russell Mid-Cap Growth ETF Stock Performance

Shares of NYSEARCA IWP opened at $136.12 on Monday. The stock has a market cap of $19.55 billion, a price-to-earnings ratio of 30.48 and a beta of 1.13. iShares Russell Mid-Cap Growth ETF has a 52 week low of $122.94 and a 52 week high of $145.60. The company’s 50-day moving average price is $133.11 and its 200 day moving average price is $136.29.

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.