iShares Russell Mid-Cap Growth ETF $IWP Stake Boosted by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. grew its position in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 25.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,194,862 shares of the company’s stock after purchasing an additional 238,826 shares during the quarter. iShares Russell Mid-Cap Growth ETF makes up about 2.0% of Cullen Frost Bankers Inc.’s investment portfolio, making the stock its 10th largest holding. Cullen Frost Bankers Inc. owned approximately 0.82% of iShares Russell Mid-Cap Growth ETF worth $170,160,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IWP. Northwestern Mutual Wealth Management Co. boosted its holdings in iShares Russell Mid-Cap Growth ETF by 21.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,348,494 shares of the company’s stock worth $187,009,000 after buying an additional 236,001 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in iShares Russell Mid-Cap Growth ETF by 13.5% during the third quarter. Envestnet Portfolio Solutions Inc. now owns 1,821,506 shares of the company’s stock valued at $259,401,000 after acquiring an additional 217,051 shares during the period. First Citizens Bank & Trust Co. lifted its position in shares of iShares Russell Mid-Cap Growth ETF by 14.2% in the third quarter. First Citizens Bank & Trust Co. now owns 1,697,745 shares of the company’s stock valued at $241,776,000 after acquiring an additional 211,174 shares in the last quarter. SVB Wealth LLC bought a new position in shares of iShares Russell Mid-Cap Growth ETF in the second quarter worth about $24,879,000. Finally, Midwest Trust Co bought a new position in shares of iShares Russell Mid-Cap Growth ETF in the second quarter worth about $17,911,000. 74.49% of the stock is owned by hedge funds and other institutional investors.

iShares Russell Mid-Cap Growth ETF Trading Down 0.6%

Shares of IWP opened at $139.59 on Friday. The business’s 50 day moving average is $138.63 and its 200 day moving average is $140.55. The company has a market capitalization of $20.76 billion, a PE ratio of 30.48 and a beta of 1.15. iShares Russell Mid-Cap Growth ETF has a 12-month low of $99.85 and a 12-month 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.