Royal Bank of Canada Has $96.81 Million Stock Position in iShares Russell Mid-Cap Growth ETF $IWP

Royal Bank of Canada lowered its position in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 13.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 755,617 shares of the company’s stock after selling 122,078 shares during the period. Royal Bank of Canada’s holdings in iShares Russell Mid-Cap Growth ETF were worth $96,809,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Excelsior Advisor Network LLC grew its stake in iShares Russell Mid-Cap Growth ETF by 36.6% in the first quarter. Excelsior Advisor Network LLC now owns 2,077 shares of the company’s stock valued at $266,000 after acquiring an additional 556 shares during the period. Corsair Capital Management L.P. acquired a new position in shares of iShares Russell Mid-Cap Growth ETF in the 1st quarter valued at approximately $1,004,000. Gateway Wealth Partners LLC increased its stake in iShares Russell Mid-Cap Growth ETF by 100.3% during the 1st quarter. Gateway Wealth Partners LLC now owns 5,784 shares of the company’s stock worth $741,000 after purchasing an additional 2,897 shares in the last quarter. Matrix Private Capital Group LLC acquired a new stake in iShares Russell Mid-Cap Growth ETF during the 1st quarter worth approximately $218,000. Finally, Sentinel Advisory Group LLC acquired a new stake in iShares Russell Mid-Cap Growth ETF during the 1st quarter worth approximately $8,633,000. Institutional investors and hedge funds own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Stock Performance

Shares of IWP opened at $137.04 on Friday. iShares Russell Mid-Cap Growth ETF has a twelve month low of $122.94 and a twelve month high of $146.64. The firm’s 50 day moving average price is $140.77 and its two-hundred day moving average price is $136.99. The firm has a market cap of $19.73 billion, a P/E ratio of 30.48 and a beta of 1.12.

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.