Janney Montgomery Scott LLC Sells 130,227 Shares of iShares Russell Mid-Cap ETF $IWR

Janney Montgomery Scott LLC trimmed its holdings in iShares Russell Mid-Cap ETF (NYSEARCA:IWR) by 12.4% during the 1st quarter, Holdings Channel.com reports. The fund owned 916,341 shares of the company’s stock after selling 130,227 shares during the period. Janney Montgomery Scott LLC’s holdings in iShares Russell Mid-Cap ETF were worth $89,096,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Bank of America Corp DE grew its position in shares of iShares Russell Mid-Cap ETF by 6.6% during the fourth quarter. Bank of America Corp DE now owns 66,569,630 shares of the company’s stock worth $6,408,658,000 after purchasing an additional 4,145,765 shares in the last quarter. CIBC Bancorp USA Inc. bought a new position in iShares Russell Mid-Cap ETF in the 3rd quarter worth approximately $285,568,000. Wells Fargo & Company MN boosted its stake in 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 purchasing an additional 1,438,369 shares during the period. Royal Bank of Canada grew its holdings in iShares Russell Mid-Cap ETF by 12.9% during 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 in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in iShares Russell Mid-Cap ETF by 7.6% during 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 buying an additional 756,994 shares in the last quarter. Institutional investors own 80.16% of the company’s stock.

iShares Russell Mid-Cap ETF Stock Performance

IWR opened at $109.58 on Friday. The stock has a market capitalization of $55.12 billion, a price-to-earnings ratio of 21.00 and a beta of 1.00. The company has a fifty day moving average of $106.07 and a 200 day moving average of $101.74. iShares Russell Mid-Cap ETF has a fifty-two week low of $91.09 and a fifty-two week high of $110.74.

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.