iShares Russell Mid-Cap Growth ETF $IWP is First Citizens Bank & Trust Co.’s 4th Largest Position

First Citizens Bank & Trust Co. trimmed its position in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 12.1% in the first quarter, Holdings Channel.com reports. The firm owned 1,534,093 shares of the company’s stock after selling 211,541 shares during the period. iShares Russell Mid-Cap Growth ETF comprises approximately 3.4% of First Citizens Bank & Trust Co.’s investment portfolio, making the stock its 4th largest position. First Citizens Bank & Trust Co.’s holdings in iShares Russell Mid-Cap Growth ETF were worth $196,548,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Phillip James Consulting Co. acquired a new position in iShares Russell Mid-Cap Growth ETF in the 1st quarter worth $437,000. Pacific Sun Financial Corp increased its position in shares of iShares Russell Mid-Cap Growth ETF by 5.0% during the first quarter. Pacific Sun Financial Corp now owns 2,538 shares of the company’s stock worth $325,000 after acquiring an additional 120 shares during the last quarter. Cassaday & Co Wealth Management LLC increased its position in shares of iShares Russell Mid-Cap Growth ETF by 1.9% during the first quarter. Cassaday & Co Wealth Management LLC now owns 2,184,734 shares of the company’s stock worth $279,908,000 after acquiring an additional 41,659 shares during the last quarter. JMG Financial Group Ltd. lifted its stake in shares of iShares Russell Mid-Cap Growth ETF by 1.0% in the first quarter. JMG Financial Group Ltd. now owns 114,619 shares of the company’s stock worth $14,685,000 after acquiring an additional 1,099 shares in the last quarter. Finally, MWA Asset Management lifted its stake in shares of iShares Russell Mid-Cap Growth ETF by 1.2% in the first quarter. MWA Asset Management now owns 14,838 shares of the company’s stock worth $1,901,000 after acquiring an additional 180 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 Up 1.5%

Shares of NYSEARCA IWP opened at $139.64 on Wednesday. iShares Russell Mid-Cap Growth ETF has a fifty-two week low of $122.94 and a fifty-two week high of $146.64. The business has a 50 day moving average price of $140.76 and a two-hundred day moving average price of $137.12. The firm has a market cap of $20.42 billion, a PE ratio of 30.48 and a beta of 1.12.

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.