PNC Financial Services Group Inc. Sells 249,773 Shares of iShares Russell Mid-Cap ETF $IWR

PNC Financial Services Group Inc. decreased its position in shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR) by 2.0% in the fourth quarter, Holdings Channel reports. The fund owned 12,497,707 shares of the company’s stock after selling 249,773 shares during the period. iShares Russell Mid-Cap ETF accounts for 0.7% of PNC Financial Services Group Inc.’s investment portfolio, making the stock its 21st biggest holding. PNC Financial Services Group Inc.’s holdings in iShares Russell Mid-Cap ETF were worth $1,203,154,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. HFM Investment Advisors LLC acquired a new stake in shares of iShares Russell Mid-Cap ETF in the fourth quarter valued at about $28,000. KERR FINANCIAL PLANNING Corp bought a new stake in iShares Russell Mid-Cap ETF during the 3rd quarter valued at approximately $32,000. Smartleaf Asset Management LLC increased its position in iShares Russell Mid-Cap ETF by 192.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 400 shares of the company’s stock worth $39,000 after buying an additional 263 shares during the period. Dorato Capital Management acquired a new position in shares of iShares Russell Mid-Cap ETF during the fourth quarter worth approximately $43,000. Finally, Cary Street Partners Investment Advisory LLC bought a new stake in shares of iShares Russell Mid-Cap ETF in the third quarter valued at approximately $47,000. 80.16% of the stock is currently owned by institutional investors.

iShares Russell Mid-Cap ETF Trading Down 0.6%

Shares of IWR stock opened at $103.06 on Wednesday. The firm has a market capitalization of $51.84 billion, a P/E ratio of 21.00 and a beta of 1.01. iShares Russell Mid-Cap ETF has a 1 year low of $86.89 and a 1 year high of $106.43. The firm’s fifty day simple moving average is $101.01 and its 200 day simple moving average is $99.37.

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.