Hsbc Holdings PLC Invests $23.11 Million in iShares Russell Mid-Cap Growth ETF $IWP

Hsbc Holdings PLC purchased a new position in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 168,785 shares of the company’s stock, valued at approximately $23,113,000.

Several other hedge funds have also added to or reduced their stakes in the company. Rockefeller Capital Management L.P. increased its position in iShares Russell Mid-Cap Growth ETF by 16.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 227,790 shares of the company’s stock worth $31,194,000 after buying an additional 31,698 shares during the period. World Investment Advisors boosted its position in shares of iShares Russell Mid-Cap Growth ETF by 9.4% in the fourth quarter. World Investment Advisors now owns 8,123 shares of the company’s stock valued at $1,112,000 after acquiring an additional 696 shares during the period. Nalls Sherbakoff Group LLC acquired a new position in shares of iShares Russell Mid-Cap Growth ETF in the fourth quarter valued at about $52,000. Corient Private Wealth LLC grew its stake in shares of iShares Russell Mid-Cap Growth ETF by 3.3% in the fourth quarter. Corient Private Wealth LLC now owns 167,966 shares of the company’s stock valued at $23,048,000 after acquiring an additional 5,376 shares in the last quarter. Finally, Union Savings Bank acquired a new position in shares of iShares Russell Mid-Cap Growth ETF in the fourth quarter valued at about $109,000. 74.49% of the stock is owned by institutional investors and hedge funds.

iShares Russell Mid-Cap Growth ETF Stock Performance

NYSEARCA:IWP opened at $144.21 on Tuesday. iShares Russell Mid-Cap Growth ETF has a 52 week low of $122.94 and a 52 week high of $146.64. The firm’s 50-day simple moving average is $139.89 and its 200 day simple moving average is $136.98. The firm has a market cap of $21.14 billion, a price-to-earnings ratio of 30.48 and a beta of 1.12.

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.