BNP Paribas Financial Markets Lowers Holdings in iShares Russell Mid-Cap Growth ETF $IWP

BNP Paribas Financial Markets cut its holdings in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 30.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 350,300 shares of the company’s stock after selling 150,700 shares during the period. BNP Paribas Financial Markets owned 0.24% of iShares Russell Mid-Cap Growth ETF worth $47,970,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Richards Merrill & Peterson Inc. bought a new stake in iShares Russell Mid-Cap Growth ETF in the 4th quarter worth approximately $25,000. Beaird Harris Wealth Management LLC increased its stake in iShares Russell Mid-Cap Growth ETF by 125.0% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 198 shares of the company’s stock worth $28,000 after acquiring an additional 110 shares during the last quarter. Imprint Wealth LLC bought a new stake in iShares Russell Mid-Cap Growth ETF in the 3rd quarter worth approximately $29,000. Laurel Wealth Advisors LLC bought a new stake in iShares Russell Mid-Cap Growth ETF in the 4th quarter worth approximately $30,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in iShares Russell Mid-Cap Growth ETF in the 3rd quarter worth approximately $39,000. 74.49% of the stock is owned by hedge funds and other institutional investors.

iShares Russell Mid-Cap Growth ETF Price Performance

NYSEARCA:IWP opened at $143.52 on Wednesday. iShares Russell Mid-Cap Growth ETF has a 1 year low of $122.94 and a 1 year high of $145.60. The stock’s 50 day simple moving average is $134.70 and its two-hundred day simple moving average is $136.20. The company has a market cap of $20.62 billion, a price-to-earnings ratio of 30.48 and a beta of 1.13.

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.