iShares Russell Mid-Cap Growth ETF $IWP Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. reduced its holdings in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 0.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,445,568 shares of the company’s stock after selling 18,890 shares during the quarter. PNC Financial Services Group Inc.’s holdings in iShares Russell Mid-Cap Growth ETF were worth $348,273,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Jones Financial Companies Lllp increased its holdings in iShares Russell Mid-Cap Growth ETF by 6.6% in the third quarter. Jones Financial Companies Lllp now owns 5,577,746 shares of the company’s stock valued at $794,992,000 after buying an additional 345,906 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of iShares Russell Mid-Cap Growth ETF by 171.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 5,397,376 shares of the company’s stock worth $768,640,000 after acquiring an additional 3,406,598 shares during the period. First Command Advisory Services Inc. increased its stake in iShares Russell Mid-Cap Growth ETF by 80,392.3% in the 3rd quarter. First Command Advisory Services Inc. now owns 3,554,538 shares of the company’s stock valued at $506,202,000 after purchasing an additional 3,550,122 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in iShares Russell Mid-Cap Growth ETF by 1.1% during the second quarter. Ameriprise Financial Inc. now owns 2,524,819 shares of the company’s stock worth $350,422,000 after purchasing an additional 26,620 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its position in iShares Russell Mid-Cap Growth ETF by 13.5% during the third quarter. Envestnet Portfolio Solutions Inc. now owns 1,821,506 shares of the company’s stock worth $259,401,000 after purchasing an additional 217,051 shares in the last quarter. 74.49% of the stock is currently owned by hedge funds and other institutional investors.

iShares Russell Mid-Cap Growth ETF Trading Up 1.1%

Shares of NYSEARCA IWP opened at $134.37 on Friday. The company’s 50-day moving average price is $138.47 and its 200 day moving average price is $140.12. iShares Russell Mid-Cap Growth ETF has a 52 week low of $99.85 and a 52 week high of $145.60. The stock has a market cap of $19.71 billion, a price-to-earnings ratio of 30.48 and a beta of 1.15.

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.