iShares Russell Mid-Cap ETF $IWR Shares Newly Bought by Private Management Group Inc.

Private Management Group Inc. acquired a new position in iShares Russell Mid-Cap ETF (NYSEARCA:IWR) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 18,040 shares of the company’s stock, valued at approximately $1,925,000.

Several other hedge funds have also recently made changes to their positions in the business. Baird Financial Group Inc. boosted its position in shares of iShares Russell Mid-Cap ETF by 18.8% during the 2nd quarter. Baird Financial Group Inc. now owns 10,660,298 shares of the company’s stock valued at $1,176,044,000 after purchasing an additional 1,690,390 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in iShares Russell Mid-Cap ETF by 0.7% in the second quarter. Envestnet Asset Management Inc. now owns 4,500,690 shares of the company’s stock worth $496,505,000 after purchasing an additional 29,329 shares in the last quarter. AMG National Trust Bank lifted its stake in iShares Russell Mid-Cap ETF by 2.0% in the first quarter. AMG National Trust Bank now owns 3,889,097 shares of the company’s stock valued at $378,137,000 after buying an additional 77,476 shares during the period. Glenview Trust Co lifted its stake in iShares Russell Mid-Cap ETF by 0.8% in the third quarter. Glenview Trust Co now owns 1,418,745 shares of the company’s stock valued at $151,394,000 after buying an additional 10,717 shares during the period. Finally, Oakworth Capital Inc. bought a new position in shares of iShares Russell Mid-Cap ETF during the 3rd quarter worth approximately $132,849,000. 80.16% of the stock is owned by institutional investors.

iShares Russell Mid-Cap ETF Trading Down 0.1%

NYSEARCA:IWR opened at $110.59 on Wednesday. The firm has a fifty day simple moving average of $109.37 and a two-hundred day simple moving average of $106.33. The stock has a market capitalization of $58.32 billion, a price-to-earnings ratio of 20.27 and a beta of 1.00. iShares Russell Mid-Cap ETF has a 12 month low of $91.64 and a 12 month 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.