PNC Financial Services Group Inc. Cuts Stake in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP)

PNC Financial Services Group Inc. lowered its position in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 2.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,148,761 shares of the company’s stock after selling 94,908 shares during the period. PNC Financial Services Group Inc. owned about 2.32% of iShares Russell Mid-Cap Growth ETF worth $304,265,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. MAS Advisors LLC grew its stake in iShares Russell Mid-Cap Growth ETF by 46.6% in the first quarter. MAS Advisors LLC now owns 5,034 shares of the company’s stock valued at $513,000 after purchasing an additional 1,599 shares during the last quarter. Rhumbline Advisers grew its stake in iShares Russell Mid-Cap Growth ETF by 38.9% in the first quarter. Rhumbline Advisers now owns 8,439 shares of the company’s stock valued at $848,000 after purchasing an additional 2,363 shares during the last quarter. Cibc World Market Inc. purchased a new position in iShares Russell Mid-Cap Growth ETF in the first quarter valued at about $505,000. Merit Financial Group LLC purchased a new position in iShares Russell Mid-Cap Growth ETF in the first quarter valued at about $285,000. Finally, NewEdge Advisors LLC grew its stake in iShares Russell Mid-Cap Growth ETF by 4.6% in the first quarter. NewEdge Advisors LLC now owns 77,406 shares of the company’s stock valued at $7,779,000 after purchasing an additional 3,379 shares during the last quarter.

iShares Russell Mid-Cap Growth ETF Stock Performance

IWP traded up $0.12 on Tuesday, hitting $95.75. The company had a trading volume of 49,246 shares, compared to its average volume of 652,579. The stock has a market capitalization of $13.00 billion, a price-to-earnings ratio of 25.03 and a beta of 1.10. The stock has a fifty day moving average price of $91.10 and a 200-day moving average price of $93.30. iShares Russell Mid-Cap Growth ETF has a 12-month low of $81.97 and a 12-month high of $100.93.

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).