Miller Investment Management LP Lowers Holdings in iShares Russell Mid-Cap ETF $IWR

Miller Investment Management LP cut its holdings in iShares Russell Mid-Cap ETF (NYSEARCA:IWR) by 1.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 226,917 shares of the company’s stock after selling 2,589 shares during the period. iShares Russell Mid-Cap ETF accounts for 2.2% of Miller Investment Management LP’s investment portfolio, making the stock its 9th biggest position. Miller Investment Management LP’s holdings in iShares Russell Mid-Cap ETF were worth $20,870,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of IWR. Jones Financial Companies Lllp raised its holdings in iShares Russell Mid-Cap ETF by 6.9% during the 1st quarter. Jones Financial Companies Lllp now owns 66,497,354 shares of the company’s stock valued at $5,628,396,000 after acquiring an additional 4,290,076 shares during the period. US Bancorp DE grew its position in shares of iShares Russell Mid-Cap ETF by 2.2% in the first quarter. US Bancorp DE now owns 19,325,451 shares of the company’s stock valued at $1,644,034,000 after purchasing an additional 418,491 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of iShares Russell Mid-Cap ETF by 23.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 9,899,322 shares of the company’s stock valued at $910,441,000 after purchasing an additional 1,880,984 shares during the period. Northern Trust Corp lifted its holdings in iShares Russell Mid-Cap ETF by 0.8% during the 1st quarter. Northern Trust Corp now owns 9,371,071 shares of the company’s stock worth $797,197,000 after purchasing an additional 75,638 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its stake in iShares Russell Mid-Cap ETF by 1.8% in the 1st quarter. Baird Financial Group Inc. now owns 8,218,663 shares of the company’s stock worth $699,162,000 after purchasing an additional 142,576 shares during the period. 80.16% of the stock is currently owned by hedge funds and other institutional investors.

iShares Russell Mid-Cap ETF Stock Up 1.1%

IWR stock opened at $95.41 on Friday. The stock has a 50-day simple moving average of $96.13 and a two-hundred day simple moving average of $92.76. iShares Russell Mid-Cap ETF has a twelve month low of $73.17 and a twelve month high of $97.87. The firm has a market capitalization of $44.75 billion, a PE ratio of 21.00 and a beta of 1.06.

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.