1ST Source Bank Sells 5,125 Shares of iShares Russell Mid-Cap Growth ETF $IWP

1ST Source Bank lowered its stake in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 38.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,184 shares of the company’s stock after selling 5,125 shares during the quarter. 1ST Source Bank’s holdings in iShares Russell Mid-Cap Growth ETF were worth $1,049,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Richards Merrill & Peterson Inc. bought a new position in shares of iShares Russell Mid-Cap Growth ETF in the 4th quarter valued at $25,000. CNB Bank increased its holdings in iShares Russell Mid-Cap Growth ETF by 478.8% in the 4th 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 acquired a new position in iShares Russell Mid-Cap Growth ETF in the 4th quarter worth about $27,000. Beaird Harris Wealth Management LLC increased its holdings 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 purchasing an additional 110 shares in the last quarter. Finally, Sfam LLC bought a new position in iShares Russell Mid-Cap Growth ETF in the fourth quarter valued at about $28,000. 74.49% of the stock is currently owned by institutional investors and hedge funds.

iShares Russell Mid-Cap Growth ETF Trading Down 0.9%

Shares of IWP stock opened at $140.33 on Thursday. The business’s 50-day moving average price is $140.70 and its 200-day moving average price is $137.13. iShares Russell Mid-Cap Growth ETF has a 12 month low of $122.94 and a 12 month high of $146.64. The firm has a market capitalization of $20.57 billion, a price-to-earnings ratio of 30.48 and a beta of 1.12.

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.