iShares Russell Mid-Cap Growth ETF $IWP Stake Raised by Mechanics Bank Trust Department

Mechanics Bank Trust Department increased its holdings in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 4.2% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 145,534 shares of the company’s stock after buying an additional 5,838 shares during the period. iShares Russell Mid-Cap Growth ETF accounts for about 2.6% of Mechanics Bank Trust Department’s portfolio, making the stock its 6th biggest position. Mechanics Bank Trust Department’s holdings in iShares Russell Mid-Cap Growth ETF were worth $21,308,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of IWP. CIBC Private Wealth Group LLC boosted its holdings in shares of iShares Russell Mid-Cap Growth ETF by 103.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,309,901 shares of the company’s stock valued at $179,378,000 after acquiring 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% during the first quarter. Fifth Third Bancorp now owns 511,007 shares of the company’s stock worth $65,470,000 after purchasing 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% during the fourth quarter. First Command Advisory Services Inc. now owns 3,839,481 shares of the company’s stock worth $525,778,000 after purchasing 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 fourth quarter valued at $38,443,000. Finally, BNP Paribas Financial Markets lifted its position in iShares Russell Mid-Cap Growth ETF by 102.1% during the third quarter. BNP Paribas Financial Markets now owns 501,000 shares of the company’s stock valued at $71,347,000 after purchasing an additional 253,151 shares during the period. 74.49% of the stock is owned by hedge funds and other institutional investors.

iShares Russell Mid-Cap Growth ETF Stock Performance

NYSEARCA:IWP opened at $141.96 on Thursday. iShares Russell Mid-Cap Growth ETF has a one year low of $122.94 and a one year high of $146.64. The firm has a market cap of $20.44 billion, a price-to-earnings ratio of 30.48 and a beta of 1.12. The firm’s fifty day moving average is $140.85 and its two-hundred day moving average is $136.97.

iShares Russell Mid-Cap Growth ETF Company 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.