Factory Mutual Insurance Co. lowered its position in shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR – Free Report) by 7.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 701,400 shares of the company’s stock after selling 57,300 shares during the quarter. Factory Mutual Insurance Co.’s holdings in iShares Russell Mid-Cap ETF were worth $74,846,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of IWR. Baird Financial Group Inc. boosted its position in shares of iShares Russell Mid-Cap ETF by 18.8% in 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. Oakworth Capital Inc. purchased a new position in iShares Russell Mid-Cap ETF during the 3rd quarter valued at about $132,849,000. Performa Ltd US LLC grew its stake in iShares Russell Mid-Cap ETF by 465.1% during the 2nd quarter. Performa Ltd US LLC now owns 1,124,020 shares of the company’s stock valued at $124,002,000 after acquiring an additional 925,119 shares in the last quarter. Fifth Third Bancorp grew its stake in iShares Russell Mid-Cap ETF by 25.7% during the 1st 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, Albion Financial Group UT purchased a new stake in shares of iShares Russell Mid-Cap ETF in the third quarter worth approximately $51,057,000. Hedge funds and other institutional investors own 80.16% of the company’s stock.
iShares Russell Mid-Cap ETF Price Performance
NYSEARCA IWR opened at $110.35 on Wednesday. The firm has a market capitalization of $58.22 billion, a price-to-earnings ratio of 20.27 and a beta of 1.00. The company has a 50 day simple moving average of $109.67 and a 200-day simple moving average of $106.10. iShares Russell Mid-Cap ETF has a 52-week low of $91.64 and a 52-week high of $114.97.
iShares Russell Mid-Cap ETF Profile
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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