First Merchants Corp lessened its stake in iShares Russell Mid-Cap ETF (NYSEARCA:IWR – Free Report) by 37.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 66,047 shares of the company’s stock after selling 39,546 shares during the quarter. First Merchants Corp’s holdings in iShares Russell Mid-Cap ETF were worth $7,048,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Baird Financial Group Inc. increased its stake in shares of iShares Russell Mid-Cap ETF by 18.8% during the second quarter. Baird Financial Group Inc. now owns 10,660,298 shares of the company’s stock worth $1,176,044,000 after buying an additional 1,690,390 shares during the period. Envestnet Asset Management Inc. raised its holdings in iShares Russell Mid-Cap ETF by 0.7% in the second quarter. Envestnet Asset Management Inc. now owns 4,500,690 shares of the company’s stock valued at $496,505,000 after acquiring an additional 29,329 shares in the last quarter. AMG National Trust Bank raised its holdings in iShares Russell Mid-Cap ETF by 2.0% in the first quarter. AMG National Trust Bank now owns 3,889,097 shares of the company’s stock valued at $378,137,000 after acquiring an additional 77,476 shares in the last quarter. Fifth Third Bancorp raised its holdings in iShares Russell Mid-Cap ETF by 25.7% in the first quarter. Fifth Third Bancorp now owns 2,547,979 shares of the company’s stock valued at $247,740,000 after acquiring an additional 521,709 shares in the last quarter. Finally, Glenview Trust Co lifted its stake in iShares Russell Mid-Cap ETF by 3.4% in the first quarter. Glenview Trust Co now owns 1,350,641 shares of the company’s stock worth $131,323,000 after acquiring an additional 44,178 shares during the last quarter. 80.16% of the stock is owned by institutional investors and hedge funds.
iShares Russell Mid-Cap ETF Stock Up 1.2%
Shares of iShares Russell Mid-Cap ETF stock opened at $109.57 on Friday. iShares Russell Mid-Cap ETF has a 52-week low of $91.64 and a 52-week high of $114.97. The company has a 50 day moving average of $110.58 and a 200 day moving average of $107.88. The company has a market capitalization of $56.64 billion, a P/E ratio of 21.00 and a beta of 1.00.
About iShares Russell Mid-Cap ETF
iShares Russell Mid-Cap ETF (the Fund), formerly iShares Russell Midcap Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the Russell Midcap Index (the Index). The Index measures the performance of the mid-capitalization sector of the United States equity market. The Index is a float-adjusted, capitalization-weighted index of the 800 smallest issuers in the Russell 1000 Index. The Index includes equity securities issued by issuers, which range in size between approximately $1.7 billion and $12 billion, though these amounts may change from time to time.
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