SVB Wealth LLC Sells 8,113 Shares of iShares Russell Mid-Cap Growth ETF $IWP

SVB Wealth LLC trimmed its stake in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 4.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 169,224 shares of the company’s stock after selling 8,113 shares during the period. iShares Russell Mid-Cap Growth ETF accounts for about 1.4% of SVB Wealth LLC’s investment portfolio, making the stock its 16th biggest holding. SVB Wealth LLC owned about 0.12% of iShares Russell Mid-Cap Growth ETF worth $24,776,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. CIBC Private Wealth Group LLC raised its stake in iShares Russell Mid-Cap Growth ETF by 103.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,309,901 shares of the company’s stock worth $179,378,000 after buying an additional 667,479 shares in the last quarter. Wellington Management Group LLP purchased a new position in shares of iShares Russell Mid-Cap Growth ETF during the 2nd quarter worth approximately $54,218,000. Fifth Third Bancorp grew its holdings in shares of iShares Russell Mid-Cap Growth ETF by 153.0% during the 1st quarter. Fifth Third Bancorp now owns 511,007 shares of the company’s stock worth $65,470,000 after acquiring an additional 309,058 shares during the period. First Command Advisory Services Inc. raised its position in shares of iShares Russell Mid-Cap Growth ETF by 8.0% in the 4th quarter. First Command Advisory Services Inc. now owns 3,839,481 shares of the company’s stock worth $525,778,000 after acquiring an additional 284,943 shares in the last quarter. Finally, Align Financial LLC bought a new position in shares of iShares Russell Mid-Cap Growth ETF in the 4th quarter worth approximately $38,443,000. Hedge funds and other institutional investors own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Stock Down 0.2%

NYSEARCA IWP opened at $139.44 on Wednesday. The firm has a market capitalization of $20.07 billion, a PE ratio of 30.48 and a beta of 1.12. The stock’s 50 day moving average is $141.27 and its 200 day moving average is $137.93. iShares Russell Mid-Cap Growth ETF has a twelve month low of $122.94 and a twelve month high of $148.29.

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.