Farmers & Merchants Trust Co of Chambersburg PA Raises Position in iShares Russell Mid-Cap Growth ETF $IWP

Farmers & Merchants Trust Co of Chambersburg PA boosted its holdings in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 30.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,236 shares of the company’s stock after buying an additional 4,992 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in iShares Russell Mid-Cap Growth ETF were worth $2,721,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Richards Merrill & Peterson Inc. purchased a new stake in shares of iShares Russell Mid-Cap Growth ETF in the 4th quarter valued at about $25,000. CNB Bank grew its holdings in shares of iShares Russell Mid-Cap Growth ETF by 478.8% during the fourth quarter. CNB Bank now owns 191 shares of the company’s stock worth $26,000 after purchasing an additional 158 shares in the last quarter. Hilton Head Capital Partners LLC bought a new position in shares of iShares Russell Mid-Cap Growth ETF in the fourth quarter worth approximately $27,000. Beaird Harris Wealth Management LLC increased its position in shares of iShares Russell Mid-Cap Growth ETF by 125.0% in the third quarter. Beaird Harris Wealth Management LLC now owns 198 shares of the company’s stock worth $28,000 after purchasing an additional 110 shares during the last quarter. Finally, Sfam LLC purchased a new stake in iShares Russell Mid-Cap Growth ETF in the fourth quarter valued at approximately $28,000. 74.49% of the stock is currently owned by hedge funds and other institutional investors.

iShares Russell Mid-Cap Growth ETF Price Performance

Shares of iShares Russell Mid-Cap Growth ETF stock opened at $141.59 on Thursday. iShares Russell Mid-Cap Growth ETF has a 1 year low of $122.94 and a 1 year high of $146.64. The firm has a market cap of $20.74 billion, a PE ratio of 30.48 and a beta of 1.12. The company has a 50 day simple moving average of $140.12 and a two-hundred day simple moving average of $137.06.

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.