Independence Bank of Kentucky Boosts Stake in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP)

Independence Bank of Kentucky raised its holdings in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 64.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,901 shares of the company’s stock after acquiring an additional 745 shares during the period. Independence Bank of Kentucky’s holdings in iShares Russell Mid-Cap Growth ETF were worth $217,000 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. ORG Partners LLC boosted its holdings in shares of iShares Russell Mid-Cap Growth ETF by 73.4% in the 4th quarter. ORG Partners LLC now owns 274 shares of the company’s stock worth $29,000 after purchasing an additional 116 shares in the last quarter. Life Planning Partners Inc purchased a new position in shares of iShares Russell Mid-Cap Growth ETF in the 4th quarter worth about $30,000. Tidemark LLC purchased a new position in shares of iShares Russell Mid-Cap Growth ETF in the 4th quarter worth about $30,000. Richardson Financial Services Inc. purchased a new stake in iShares Russell Mid-Cap Growth ETF during the 4th quarter valued at about $32,000. Finally, Northwest Bank & Trust Co purchased a new stake in iShares Russell Mid-Cap Growth ETF during the 4th quarter valued at about $36,000.

iShares Russell Mid-Cap Growth ETF Stock Performance

IWP stock traded down $0.17 during trading on Friday, hitting $110.35. 706,225 shares of the company traded hands, compared to its average volume of 751,441. The firm has a market capitalization of $14.27 billion, a PE ratio of 29.60 and a beta of 1.15. iShares Russell Mid-Cap Growth ETF has a 1 year low of $85.24 and a 1 year high of $114.60. The company has a 50-day moving average of $109.77 and a 200-day moving average of $108.50.

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).