Cullen Frost Bankers Inc. Acquires 244,984 Shares of iShares Russell Mid-Cap Growth ETF $IWP

Cullen Frost Bankers Inc. raised its stake in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 20.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,439,846 shares of the company’s stock after buying an additional 244,984 shares during the quarter. iShares Russell Mid-Cap Growth ETF makes up approximately 2.2% of Cullen Frost Bankers Inc.’s portfolio, making the stock its 8th biggest holding. Cullen Frost Bankers Inc.’s holdings in iShares Russell Mid-Cap Growth ETF were worth $197,173,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp increased its holdings in iShares Russell Mid-Cap Growth ETF by 6.6% in the third 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 in the last quarter. Envestnet Asset Management Inc. increased its holdings in iShares Russell Mid-Cap Growth ETF by 171.1% in the third 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 in the last quarter. First Command Advisory Services Inc. increased its holdings in iShares Russell Mid-Cap Growth ETF by 80,392.3% in the third 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 in the last quarter. Ameriprise Financial Inc. increased its holdings in iShares Russell Mid-Cap Growth ETF by 1.0% in the third quarter. Ameriprise Financial Inc. now owns 2,551,080 shares of the company’s stock valued at $363,274,000 after buying an additional 26,261 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in iShares Russell Mid-Cap Growth ETF by 0.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,457,673 shares of the company’s stock valued at $336,554,000 after buying an additional 12,105 shares in the last quarter. 74.49% of the stock is owned by hedge funds and other institutional investors.

iShares Russell Mid-Cap Growth ETF Trading Down 0.7%

Shares of iShares Russell Mid-Cap Growth ETF stock opened at $135.00 on Wednesday. iShares Russell Mid-Cap Growth ETF has a 12-month low of $122.94 and a 12-month high of $145.60. The stock has a market cap of $19.39 billion, a PE ratio of 30.48 and a beta of 1.13. The company has a 50-day moving average of $133.15 and a two-hundred day moving average of $136.18.

iShares Russell Mid-Cap Growth ETF Company 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.