Axxcess Wealth Management LLC purchased a new stake in shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 124,264 shares of the company’s stock, valued at approximately $11,963,000.
A number of other large investors have also recently added to or reduced their stakes in IWR. Bank of America Corp DE raised its stake in iShares Russell Mid-Cap ETF by 6.6% in the fourth quarter. Bank of America Corp DE now owns 66,569,630 shares of the company’s stock valued at $6,408,658,000 after buying an additional 4,145,765 shares during the period. CIBC Bancorp USA Inc. acquired a new stake in iShares Russell Mid-Cap ETF during the 3rd quarter valued at $285,568,000. Wells Fargo & Company MN boosted its position in iShares Russell Mid-Cap ETF by 3.6% during the fourth quarter. Wells Fargo & Company MN now owns 41,686,088 shares of the company’s stock worth $4,013,120,000 after purchasing an additional 1,438,369 shares during the period. Royal Bank of Canada grew its stake in iShares Russell Mid-Cap ETF by 12.9% in the 4th quarter. Royal Bank of Canada now owns 7,911,910 shares of the company’s stock valued at $761,679,000 after buying an additional 905,157 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of iShares Russell Mid-Cap ETF by 7.6% during the fourth quarter. Bank of New York Mellon Corp now owns 10,779,440 shares of the company’s stock worth $1,037,737,000 after acquiring an additional 756,994 shares during the period. Institutional investors and hedge funds own 80.16% of the company’s stock.
iShares Russell Mid-Cap ETF Trading Up 0.9%
NYSEARCA:IWR opened at $108.54 on Friday. The stock has a 50 day simple moving average of $105.19 and a 200 day simple moving average of $101.26. The stock has a market cap of $54.60 billion, a P/E ratio of 21.00 and a beta of 1.00. iShares Russell Mid-Cap ETF has a 1-year low of $88.83 and a 1-year high of $110.22.
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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