Bayban Makes New $843,000 Investment in iShares Russell Mid-Cap Growth ETF $IWP

Bayban acquired a new stake in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) in the 4th quarter, Holdings Channel.com reports. The fund acquired 6,156 shares of the company’s stock, valued at approximately $843,000. iShares Russell Mid-Cap Growth ETF comprises approximately 0.7% of Bayban’s holdings, making the stock its 27th biggest position.

A number of other institutional investors have also recently modified their holdings of IWP. Richards Merrill & Peterson Inc. bought a new position in shares of iShares Russell Mid-Cap Growth ETF in the fourth quarter worth $25,000. CNB Bank raised its stake in iShares Russell Mid-Cap Growth ETF by 478.8% in the fourth quarter. CNB Bank now owns 191 shares of the company’s stock valued at $26,000 after purchasing an additional 158 shares in the last quarter. Hilton Head Capital Partners LLC bought a new stake in iShares Russell Mid-Cap Growth ETF during the fourth quarter worth about $27,000. Beaird Harris Wealth Management LLC lifted its position in iShares Russell Mid-Cap Growth ETF by 125.0% during the third quarter. Beaird Harris Wealth Management LLC now owns 198 shares of the company’s stock worth $28,000 after purchasing an additional 110 shares during the period. Finally, Sfam LLC acquired a new stake in iShares Russell Mid-Cap Growth ETF during the fourth quarter worth about $28,000. 74.49% of the stock is currently owned by institutional investors.

iShares Russell Mid-Cap Growth ETF Price Performance

IWP stock opened at $141.95 on Friday. iShares Russell Mid-Cap Growth ETF has a 12 month low of $122.94 and a 12 month high of $145.60. The firm has a market cap of $20.39 billion, a P/E ratio of 30.48 and a beta of 1.13. The company’s 50-day moving average price is $138.16 and its two-hundred day moving average price is $136.69.

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.