PNC Financial Services Group Inc. Reduces Position in iShares Russell Mid-Cap Growth ETF $IWP

PNC Financial Services Group Inc. decreased its stake in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 0.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,445,568 shares of the company’s stock after selling 18,890 shares during the quarter. PNC Financial Services Group Inc. owned about 1.67% of iShares Russell Mid-Cap Growth ETF worth $348,273,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Financial Gravity Companies Inc. acquired a new position in shares of iShares Russell Mid-Cap Growth ETF in the 2nd quarter valued at $28,000. Abound Wealth Management lifted its position in iShares Russell Mid-Cap Growth ETF by 223.2% in the third quarter. Abound Wealth Management now owns 223 shares of the company’s stock valued at $32,000 after buying an additional 154 shares during the last quarter. Clean Yield Group purchased a new position in iShares Russell Mid-Cap Growth ETF during the third quarter worth about $33,000. Ashton Thomas Securities LLC acquired a new stake in shares of iShares Russell Mid-Cap Growth ETF during the third quarter valued at about $34,000. Finally, WFA of San Diego LLC purchased a new stake in shares of iShares Russell Mid-Cap Growth ETF in the 2nd quarter valued at approximately $47,000. 74.49% of the stock is currently owned by hedge funds and other institutional investors.

iShares Russell Mid-Cap Growth ETF Trading Up 1.1%

Shares of NYSEARCA IWP opened at $134.37 on Friday. The stock has a fifty day simple moving average of $138.47 and a 200-day simple moving average of $140.12. iShares Russell Mid-Cap Growth ETF has a twelve month low of $99.85 and a twelve month high of $145.60. The stock has a market capitalization of $19.71 billion, a PE ratio of 30.48 and a beta of 1.15.

About iShares Russell Mid-Cap Growth ETF

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.