Royal Bank of Canada Sells 122,078 Shares of iShares Russell Mid-Cap Growth ETF $IWP

Royal Bank of Canada trimmed its holdings in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 13.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 755,617 shares of the company’s stock after selling 122,078 shares during the period. Royal Bank of Canada owned 0.53% of iShares Russell Mid-Cap Growth ETF worth $96,809,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CIBC Private Wealth Group LLC grew its holdings in shares of iShares Russell Mid-Cap Growth ETF by 103.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,309,901 shares of the company’s stock worth $179,378,000 after purchasing an additional 667,479 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of iShares Russell Mid-Cap Growth ETF by 153.0% in the first quarter. Fifth Third Bancorp now owns 511,007 shares of the company’s stock valued at $65,470,000 after buying an additional 309,058 shares during the last quarter. First Command Advisory Services Inc. raised its holdings in shares of iShares Russell Mid-Cap Growth ETF by 8.0% in the fourth quarter. First Command Advisory Services Inc. now owns 3,839,481 shares of the company’s stock valued at $525,778,000 after buying an additional 284,943 shares during the last quarter. Align Financial LLC acquired a new position in iShares Russell Mid-Cap Growth ETF during the 4th quarter worth about $38,443,000. Finally, BNP Paribas Financial Markets lifted its position in iShares Russell Mid-Cap Growth ETF by 102.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 501,000 shares of the company’s stock worth $71,347,000 after buying an additional 253,151 shares in the last quarter. 74.49% of the stock is owned by institutional investors and hedge funds.

iShares Russell Mid-Cap Growth ETF Stock Down 0.3%

Shares of NYSEARCA:IWP opened at $137.04 on Friday. iShares Russell Mid-Cap Growth ETF has a 12 month low of $122.94 and a 12 month high of $146.64. The company’s 50-day moving average price is $140.77 and its two-hundred day moving average price is $136.99. The firm has a market cap of $19.73 billion, a P/E ratio of 30.48 and a beta of 1.12.

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.