Nolet Wealth Management LLC Makes New $499,000 Investment in iShares Russell Mid-Cap ETF $IWR

Nolet Wealth Management LLC purchased a new stake in iShares Russell Mid-Cap ETF (NYSEARCA:IWR) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 5,185 shares of the company’s stock, valued at approximately $499,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Bank of America Corp DE boosted its stake in iShares Russell Mid-Cap ETF by 6.6% during the fourth quarter. Bank of America Corp DE now owns 66,569,630 shares of the company’s stock worth $6,408,658,000 after acquiring an additional 4,145,765 shares in the last quarter. Wells Fargo & Company MN increased its stake in iShares Russell Mid-Cap ETF by 3.6% in the fourth quarter. Wells Fargo & Company MN now owns 41,686,088 shares of the company’s stock valued at $4,013,120,000 after purchasing an additional 1,438,369 shares in the last quarter. Morgan Stanley increased its stake in iShares Russell Mid-Cap ETF by 4.5% in the fourth quarter. Morgan Stanley now owns 10,797,769 shares of the company’s stock valued at $1,039,501,000 after purchasing an additional 460,088 shares in the last quarter. Bank of New York Mellon Corp increased its stake in iShares Russell Mid-Cap ETF by 7.6% in the fourth quarter. Bank of New York Mellon Corp now owns 10,779,440 shares of the company’s stock valued at $1,037,737,000 after purchasing an additional 756,994 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of iShares Russell Mid-Cap ETF by 5.4% during the fourth quarter. Northern Trust Corp now owns 10,331,591 shares of the company’s stock valued at $994,622,000 after purchasing an additional 526,956 shares during the period. 80.16% of the stock is currently owned by institutional investors.

iShares Russell Mid-Cap ETF Price Performance

IWR stock opened at $108.54 on Friday. The stock has a market capitalization of $54.60 billion, a PE ratio of 21.00 and a beta of 1.00. The company’s 50-day moving average is $105.19 and its 200-day moving average is $101.26. iShares Russell Mid-Cap ETF has a 1 year low of $88.83 and a 1 year high of $110.22.

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.