Koss Olinger Consulting LLC cut its stake in iShares Russell Mid-Cap ETF (NYSEARCA:IWR – Free Report) by 25.6% in the first quarter, HoldingsChannel reports. The institutional investor owned 114,343 shares of the company’s stock after selling 39,405 shares during the quarter. iShares Russell Mid-Cap ETF makes up approximately 0.9% of Koss Olinger Consulting LLC’s portfolio, making the stock its 17th biggest holding. Koss Olinger Consulting LLC’s holdings in iShares Russell Mid-Cap ETF were worth $11,118,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its stake in shares of iShares Russell Mid-Cap ETF by 6.6% during the 4th quarter. Bank of America Corp DE now owns 66,569,630 shares of the company’s stock worth $6,408,658,000 after acquiring an additional 4,145,765 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of iShares Russell Mid-Cap ETF by 3.6% in the 4th quarter. Wells Fargo & Company MN now owns 41,686,088 shares of the company’s stock worth $4,013,120,000 after acquiring an additional 1,438,369 shares during the period. Royal Bank of Canada increased 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 purchasing an additional 905,157 shares in the last quarter. Bank of New York Mellon Corp increased its stake in iShares Russell Mid-Cap ETF by 7.6% in the 4th quarter. Bank of New York Mellon Corp now owns 10,779,440 shares of the company’s stock valued at $1,037,737,000 after purchasing an additional 756,994 shares in the last quarter. Finally, Northern Trust Corp increased its stake in iShares Russell Mid-Cap ETF by 5.4% in the 4th quarter. Northern Trust Corp now owns 10,331,591 shares of the company’s stock valued at $994,622,000 after purchasing an additional 526,956 shares in the last quarter. 80.16% of the stock is owned by hedge funds and other institutional investors.
iShares Russell Mid-Cap ETF Stock Performance
Shares of IWR stock opened at $109.34 on Monday. The stock has a fifty day moving average price of $107.82 and a 200 day moving average price of $103.10. The stock has a market cap of $56.75 billion, a PE ratio of 21.00 and a beta of 1.00. iShares Russell Mid-Cap ETF has a 1 year low of $91.36 and a 1 year high of $111.43.
iShares Russell Mid-Cap ETF Company 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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