iShares Russell Mid-Cap Growth ETF $IWP Stock Position Decreased by First Citizens Asset Management Inc.

First Citizens Asset Management Inc. lowered its position in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 8.7% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 90,273 shares of the company’s stock after selling 8,613 shares during the quarter. iShares Russell Mid-Cap Growth ETF makes up about 4.1% of First Citizens Asset Management Inc.’s investment portfolio, making the stock its 7th largest position. First Citizens Asset Management Inc.’s holdings in iShares Russell Mid-Cap Growth ETF were worth $11,566,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Richards Merrill & Peterson Inc. bought a new stake in iShares Russell Mid-Cap Growth ETF during the fourth quarter worth approximately $25,000. CNB Bank raised its holdings in iShares Russell Mid-Cap Growth ETF by 478.8% during the 4th quarter. CNB Bank now owns 191 shares of the company’s stock valued at $26,000 after buying an additional 158 shares during the period. Hilton Head Capital Partners LLC bought a new stake in iShares Russell Mid-Cap Growth ETF in the fourth quarter worth $27,000. Beaird Harris Wealth Management LLC raised its stake in shares of iShares Russell Mid-Cap Growth ETF by 125.0% in the third 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 period. Finally, Sfam LLC bought a new stake in shares of iShares Russell Mid-Cap Growth ETF in the 4th quarter worth about $28,000. 74.49% of the stock is owned by institutional investors.

iShares Russell Mid-Cap Growth ETF Price Performance

IWP stock opened at $141.77 on Tuesday. iShares Russell Mid-Cap Growth ETF has a 12 month low of $122.94 and a 12 month high of $145.60. The firm’s 50-day moving average is $138.37 and its 200 day moving average is $136.71. The company has a market capitalization of $20.37 billion, a PE ratio of 30.48 and a beta of 1.13.

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.