Washington Trust Bank Grows Stock Position in iShares Russell Mid-Cap Growth ETF $IWP

Washington Trust Bank grew its holdings in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 934.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 165,647 shares of the company’s stock after acquiring an additional 149,634 shares during the period. iShares Russell Mid-Cap Growth ETF accounts for 1.6% of Washington Trust Bank’s portfolio, making the stock its 17th biggest position. Washington Trust Bank’s holdings in iShares Russell Mid-Cap Growth ETF were worth $22,684,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in IWP. First Command Advisory Services Inc. boosted its stake in shares of iShares Russell Mid-Cap Growth ETF by 80,392.3% during the 3rd quarter. First Command Advisory Services Inc. now owns 3,554,538 shares of the company’s stock valued at $506,202,000 after buying an additional 3,550,122 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of iShares Russell Mid-Cap Growth ETF by 171.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 5,397,376 shares of the company’s stock valued at $768,640,000 after buying an additional 3,406,598 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new position in shares of iShares Russell Mid-Cap Growth ETF during the 3rd quarter valued at approximately $91,697,000. Jones Financial Companies Lllp boosted its stake in shares of iShares Russell Mid-Cap Growth ETF by 6.6% during the 3rd quarter. Jones Financial Companies Lllp now owns 5,577,746 shares of the company’s stock valued at $794,992,000 after buying an additional 345,906 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of 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 valued at $71,347,000 after buying an additional 253,151 shares during the last quarter. 74.49% of the stock is currently owned by hedge funds and other institutional investors.

iShares Russell Mid-Cap Growth ETF Trading Up 0.3%

iShares Russell Mid-Cap Growth ETF stock opened at $137.77 on Tuesday. The stock has a market cap of $19.79 billion, a P/E ratio of 30.48 and a beta of 1.13. The stock has a 50 day moving average of $133.08 and a 200-day moving average of $136.48. iShares Russell Mid-Cap Growth ETF has a 52 week low of $122.94 and a 52 week high of $145.60.

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.