SVB Wealth LLC Has $22.72 Million Stock Position in iShares Russell Mid-Cap Growth ETF $IWP

SVB Wealth LLC lowered its position in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 4.6% during the first quarter, HoldingsChannel.com reports. The firm owned 177,337 shares of the company’s stock after selling 8,631 shares during the quarter. iShares Russell Mid-Cap Growth ETF makes up approximately 1.5% of SVB Wealth LLC’s holdings, making the stock its 16th largest holding. SVB Wealth LLC’s holdings in iShares Russell Mid-Cap Growth ETF were worth $22,720,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Richards Merrill & Peterson Inc. bought a new stake in shares of iShares Russell Mid-Cap Growth ETF in the 4th quarter valued at approximately $25,000. CNB Bank raised its position in iShares Russell Mid-Cap Growth ETF by 478.8% during the fourth quarter. CNB Bank now owns 191 shares of the company’s stock valued at $26,000 after acquiring an additional 158 shares in the last quarter. Hilton Head Capital Partners LLC bought a new position in iShares Russell Mid-Cap Growth ETF during the fourth quarter valued at approximately $27,000. Beaird Harris Wealth Management LLC lifted its stake in iShares Russell Mid-Cap Growth ETF by 125.0% in the third quarter. Beaird Harris Wealth Management LLC now owns 198 shares of the company’s stock valued at $28,000 after acquiring an additional 110 shares during the last quarter. Finally, Sfam LLC acquired a new stake in iShares Russell Mid-Cap Growth ETF in the fourth quarter valued at approximately $28,000. 74.49% of the stock is owned by institutional investors and hedge funds.

iShares Russell Mid-Cap Growth ETF Stock Down 0.1%

IWP stock opened at $141.77 on Tuesday. The company has a market capitalization of $20.37 billion, a price-to-earnings ratio of 30.48 and a beta of 1.13. 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 50 day moving average of $138.37 and a two-hundred day moving average of $136.71.

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.