Commonwealth Equity Services LLC Lowers Stock Position in iShares Russell Mid-Cap ETF $IWR

Commonwealth Equity Services LLC cut its stake in shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR) by 12.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 963,696 shares of the company’s stock after selling 140,802 shares during the period. Commonwealth Equity Services LLC’s holdings in iShares Russell Mid-Cap ETF were worth $88,631,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Brighton Jones LLC raised its position in iShares Russell Mid-Cap ETF by 4.2% in the fourth quarter. Brighton Jones LLC now owns 104,524 shares of the company’s stock valued at $9,240,000 after purchasing an additional 4,189 shares during the period. Revolve Wealth Partners LLC purchased a new position in shares of iShares Russell Mid-Cap ETF during the fourth quarter worth $323,000. Stonebrook Private Inc. acquired a new stake in shares of iShares Russell Mid-Cap ETF in the first quarter valued at $401,000. Financial Gravity Asset Management Inc. acquired a new stake in shares of iShares Russell Mid-Cap ETF in the first quarter valued at $44,000. Finally, Narus Financial Partners LLC raised its holdings in shares of iShares Russell Mid-Cap ETF by 24.4% in the 1st quarter. Narus Financial Partners LLC now owns 31,702 shares of the company’s stock valued at $2,697,000 after buying an additional 6,221 shares during the period. 80.16% of the stock is owned by hedge funds and other institutional investors.

iShares Russell Mid-Cap ETF Trading Down 0.9%

IWR opened at $94.35 on Friday. The stock’s 50-day moving average price is $96.14 and its 200 day moving average price is $92.64. iShares Russell Mid-Cap ETF has a 12-month low of $73.17 and a 12-month high of $97.87. The firm has a market cap of $44.25 billion, a price-to-earnings ratio of 21.00 and a beta of 1.06.

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.