First Citizens Investor Services Inc. Invests $12.62 Million in iShares Russell Mid-Cap Growth ETF $IWP

First Citizens Investor Services Inc. bought a new stake in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 88,640 shares of the company’s stock, valued at approximately $12,623,000. iShares Russell Mid-Cap Growth ETF accounts for about 4.9% of First Citizens Investor Services Inc.’s investment portfolio, making the stock its 7th biggest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Marshall Financial Group Inc. ADV increased its position in iShares Russell Mid-Cap Growth ETF by 1.8% during the third quarter. Marshall Financial Group Inc. ADV now owns 7,210 shares of the company’s stock worth $1,027,000 after buying an additional 129 shares during the period. Callan Family Office LLC increased its holdings in shares of iShares Russell Mid-Cap Growth ETF by 4.0% in the 3rd quarter. Callan Family Office LLC now owns 8,170 shares of the company’s stock valued at $1,163,000 after acquiring an additional 313 shares during the period. First Citizens Asset Management Inc. raised its position in iShares Russell Mid-Cap Growth ETF by 24.7% in the 3rd quarter. First Citizens Asset Management Inc. now owns 97,372 shares of the company’s stock valued at $13,867,000 after purchasing an additional 19,309 shares during the last quarter. Processus Wealth & Capital Management LLC boosted its stake in iShares Russell Mid-Cap Growth ETF by 25.0% during the 3rd quarter. Processus Wealth & Capital Management LLC now owns 31,460 shares of the company’s stock worth $4,480,000 after purchasing an additional 6,291 shares during the period. Finally, Atlantic Union Bankshares Corp increased its stake in iShares Russell Mid-Cap Growth ETF by 1.0% in the third quarter. Atlantic Union Bankshares Corp now owns 19,550 shares of the company’s stock valued at $2,784,000 after purchasing an additional 189 shares during the period. Hedge funds and other institutional investors own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Stock Performance

Shares of NYSEARCA:IWP opened at $134.18 on Wednesday. iShares Russell Mid-Cap Growth ETF has a one year low of $99.85 and a one year high of $145.60. The stock has a market capitalization of $19.86 billion, a price-to-earnings ratio of 30.48 and a beta of 1.15. The company has a 50-day simple moving average of $139.07 and a 200-day simple moving average of $140.49.

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.