SVB Wealth LLC Sells 8,113 Shares of iShares Russell Mid-Cap Growth ETF $IWP

SVB Wealth LLC reduced its position in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 4.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 169,224 shares of the company’s stock after selling 8,113 shares during the period. iShares Russell Mid-Cap Growth ETF comprises approximately 1.4% of SVB Wealth LLC’s holdings, making the stock its 16th largest position. SVB Wealth LLC’s holdings in iShares Russell Mid-Cap Growth ETF were worth $24,776,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of IWP. Rossmore Private Capital increased its holdings in iShares Russell Mid-Cap Growth ETF by 126.8% during the fourth quarter. Rossmore Private Capital now owns 12,312 shares of the company’s stock valued at $1,686,000 after buying an additional 6,884 shares during the last quarter. Savant Capital LLC raised its position in shares of iShares Russell Mid-Cap Growth ETF by 14.9% during the 4th quarter. Savant Capital LLC now owns 40,138 shares of the company’s stock valued at $5,497,000 after purchasing an additional 5,194 shares during the period. Krilogy Financial LLC raised its holdings in iShares Russell Mid-Cap Growth ETF by 8.6% during the first quarter. Krilogy Financial LLC now owns 306,523 shares of the company’s stock valued at $41,402,000 after acquiring an additional 24,345 shares during the period. Western Wealth Management LLC boosted its stake in shares of iShares Russell Mid-Cap Growth ETF by 84.8% in the fourth quarter. Western Wealth Management LLC now owns 25,449 shares of the company’s stock worth $3,485,000 after acquiring an additional 11,677 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in iShares Russell Mid-Cap Growth ETF by 5.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,404,920 shares of the company’s stock worth $192,390,000 after purchasing an additional 76,721 shares in the last quarter. Hedge funds and other institutional investors own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Stock Performance

IWP stock opened at $139.44 on Wednesday. The company has a market capitalization of $20.07 billion, a PE ratio of 30.48 and a beta of 1.12. The company’s fifty day moving average price is $141.27 and its 200-day moving average price is $137.93. iShares Russell Mid-Cap Growth ETF has a one year low of $122.94 and a one year high of $148.29.

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.