CIBC Bancorp USA Inc. Makes New Investment in iShares Russell Mid-Cap ETF $IWR

CIBC Bancorp USA Inc. purchased a new stake in iShares Russell Mid-Cap ETF (NYSEARCA:IWR) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 2,957,723 shares of the company’s stock, valued at approximately $285,568,000. iShares Russell Mid-Cap ETF makes up about 1.0% of CIBC Bancorp USA Inc.’s investment portfolio, making the stock its 17th biggest holding. CIBC Bancorp USA Inc. owned 0.63% of iShares Russell Mid-Cap ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. HHM Wealth Advisors LLC purchased a new stake in iShares Russell Mid-Cap ETF during the second quarter worth about $29,000. Traub Capital Management LLC purchased a new position in iShares Russell Mid-Cap ETF in the second quarter valued at about $37,000. Smartleaf Asset Management LLC increased its holdings in iShares Russell Mid-Cap ETF by 192.0% in the third quarter. Smartleaf Asset Management LLC now owns 400 shares of the company’s stock valued at $39,000 after buying an additional 263 shares in the last quarter. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of iShares Russell Mid-Cap ETF during the 3rd quarter valued at approximately $47,000. Finally, Cornerstone Planning Group LLC acquired a new stake in shares of iShares Russell Mid-Cap ETF during the 3rd quarter valued at approximately $55,000. Institutional investors and hedge funds own 80.16% of the company’s stock.

iShares Russell Mid-Cap ETF Price Performance

Shares of NYSEARCA:IWR opened at $98.53 on Wednesday. The firm has a market capitalization of $47.12 billion, a price-to-earnings ratio of 21.00 and a beta of 1.06. The business’s 50 day simple moving average is $100.66 and its 200-day simple moving average is $97.81. iShares Russell Mid-Cap ETF has a 12 month low of $73.17 and a 12 month high of $103.53.

About iShares Russell Mid-Cap ETF

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.