Hsbc Holdings PLC Buys New Stake in iShares Russell Mid-Cap Growth ETF $IWP

Hsbc Holdings PLC bought a new stake 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 SEC. The institutional investor bought 168,785 shares of the company’s stock, valued at approximately $23,113,000. Hsbc Holdings PLC owned about 0.12% of iShares Russell Mid-Cap Growth ETF as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. CIBC Private Wealth Group LLC raised its holdings in shares of 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 acquiring an additional 667,479 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new stake in shares of iShares Russell Mid-Cap Growth ETF during the third quarter valued at $91,697,000. First Command Advisory Services Inc. boosted its stake 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 valued at $525,778,000 after acquiring an additional 284,943 shares during the last quarter. Align Financial LLC purchased a new stake in iShares Russell Mid-Cap Growth ETF during the 4th quarter worth about $38,443,000. Finally, BNP Paribas Financial Markets increased 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 purchasing an additional 253,151 shares in the last quarter. Hedge funds and other institutional investors own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Trading Up 1.0%

Shares of IWP stock opened at $141.29 on Thursday. The firm has a 50-day moving average price of $138.73 and a 200 day moving average price of $136.74. iShares Russell Mid-Cap Growth ETF has a twelve month low of $122.94 and a twelve month high of $145.60. The company has a market capitalization of $20.30 billion, a price-to-earnings ratio of 30.48 and a beta of 1.13.

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.