iShares Russell Mid-Cap Growth ETF $IWP Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC increased its position in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 2.8% during the first quarter, HoldingsChannel reports. The institutional investor owned 173,483 shares of the company’s stock after buying an additional 4,698 shares during the quarter. Hsbc Holdings PLC’s holdings in iShares Russell Mid-Cap Growth ETF were worth $22,227,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC boosted its holdings in shares of iShares Russell Mid-Cap Growth ETF by 2.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 7,370 shares of the company’s stock valued at $934,000 after acquiring an additional 182 shares during the period. AQR Capital Management LLC grew its position in shares of iShares Russell Mid-Cap Growth ETF by 59.9% during the first quarter. AQR Capital Management LLC now owns 2,868 shares of the company’s stock worth $337,000 after acquiring an additional 1,074 shares during the last quarter. First Trust Advisors LP acquired a new position in shares of iShares Russell Mid-Cap Growth ETF in the 2nd quarter valued at $257,000. Qube Research & Technologies Ltd increased its holdings in shares of iShares Russell Mid-Cap Growth ETF by 22.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 116,038 shares of the company’s stock valued at $16,092,000 after acquiring an additional 21,353 shares during the period. Finally, Peapack Gladstone Financial Corp raised its position in iShares Russell Mid-Cap Growth ETF by 17.2% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 50,186 shares of the company’s stock valued at $6,960,000 after purchasing an additional 7,376 shares during the last quarter. Hedge funds and other institutional investors own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Price Performance

IWP stock opened at $139.64 on Wednesday. The company has a market cap of $20.42 billion, a price-to-earnings ratio of 30.48 and a beta of 1.12. The company has a fifty day moving average price of $140.76 and a 200 day moving average price of $137.12. iShares Russell Mid-Cap Growth ETF has a 12 month low of $122.94 and a 12 month high of $146.64.

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.