iShares Russell Mid-Cap ETF $IWR Stock Sold by XML Financial LLC

XML Financial LLC trimmed its position in shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR) by 3.2% during the third quarter, Holdings Channel.com reports. The institutional investor owned 226,443 shares of the company’s stock after selling 7,395 shares during the period. iShares Russell Mid-Cap ETF accounts for 1.8% of XML Financial LLC’s investment portfolio, making the stock its 12th largest holding. XML Financial LLC’s holdings in iShares Russell Mid-Cap ETF were worth $24,164,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Baird Financial Group Inc. raised its position in 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 acquiring an additional 1,690,390 shares in the last quarter. Oakworth Capital Inc. bought a new position in shares of iShares Russell Mid-Cap ETF in the 3rd quarter valued at about $132,849,000. Performa Ltd US LLC grew its position in shares of iShares Russell Mid-Cap ETF by 465.1% in 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 during the period. Fifth Third Bancorp increased its stake in shares of 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 worth $247,740,000 after purchasing an additional 521,709 shares during the last quarter. Finally, Albion Financial Group UT acquired a new position in shares of iShares Russell Mid-Cap ETF during the 3rd quarter worth about $51,057,000. 80.16% of the stock is currently owned by institutional investors and hedge funds.

iShares Russell Mid-Cap ETF Stock Performance

Shares of IWR stock opened at $110.32 on Tuesday. The firm’s 50-day moving average is $109.72 and its 200-day moving average is $106.05. The stock has a market cap of $57.75 billion, a price-to-earnings ratio of 21.00 and a beta of 1.00. 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.