Bayban Takes $843,000 Position in iShares Russell Mid-Cap Growth ETF $IWP

Bayban bought a new position in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 6,156 shares of the company’s stock, valued at approximately $843,000. iShares Russell Mid-Cap Growth ETF accounts for approximately 0.7% of Bayban’s investment portfolio, making the stock its 27th largest holding.

Several other hedge funds have also added to or reduced their stakes in IWP. CIBC Private Wealth Group LLC grew its holdings in 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 buying an additional 667,479 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new stake in shares of iShares Russell Mid-Cap Growth ETF during the third quarter worth $91,697,000. First Command Advisory Services Inc. lifted 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 buying an additional 284,943 shares in the last quarter. Align Financial LLC bought a new stake in shares of iShares Russell Mid-Cap Growth ETF in the fourth quarter valued at about $38,443,000. Finally, BNP Paribas Financial Markets boosted its position in shares of iShares Russell Mid-Cap Growth ETF by 102.1% in the third quarter. BNP Paribas Financial Markets now owns 501,000 shares of the company’s stock valued at $71,347,000 after acquiring an additional 253,151 shares during the period. 74.49% of the stock is owned by institutional investors and hedge funds.

iShares Russell Mid-Cap Growth ETF Stock Performance

IWP stock opened at $141.95 on Friday. iShares Russell Mid-Cap Growth ETF has a 52 week low of $122.94 and a 52 week high of $145.60. The company has a market capitalization of $20.39 billion, a PE ratio of 30.48 and a beta of 1.13. The company’s 50-day simple moving average is $138.16 and its 200 day simple moving average is $136.69.

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.