Bank of America Corp DE Cuts Stake in iShares Russell Mid-Cap ETF $IWR

Bank of America Corp DE lessened its position in iShares Russell Mid-Cap ETF (NYSEARCA:IWR) by 1.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 65,876,235 shares of the company’s stock after selling 693,395 shares during the period. Bank of America Corp DE owned approximately 0.13% of iShares Russell Mid-Cap ETF worth $6,405,146,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. NFSG Corp raised its holdings in iShares Russell Mid-Cap ETF by 93.1% during the first quarter. NFSG Corp now owns 280 shares of the company’s stock worth $27,000 after purchasing an additional 135 shares in the last quarter. HFM Investment Advisors LLC acquired a new stake in iShares Russell Mid-Cap ETF in the fourth quarter valued at about $28,000. Frazier Financial Advisors LLC purchased a new stake in iShares Russell Mid-Cap ETF in the 1st quarter valued at approximately $31,000. Reflection Asset Management purchased a new stake in iShares Russell Mid-Cap ETF in the 4th quarter valued at approximately $33,000. Finally, Scarborough Advisors LLC purchased a new stake in iShares Russell Mid-Cap ETF in the 1st quarter valued at approximately $38,000. Hedge funds and other institutional investors own 80.16% of the company’s stock.

iShares Russell Mid-Cap ETF Trading Down 1.0%

NYSEARCA IWR opened at $109.58 on Thursday. The stock has a market capitalization of $55.92 billion, a price-to-earnings ratio of 21.00 and a beta of 1.00. The business’s 50 day moving average is $108.63 and its two-hundred day moving average is $103.75. iShares Russell Mid-Cap ETF has a 12-month low of $91.36 and a 12-month 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.