iShares Russell Mid-Cap ETF $IWR Stock Position Lowered by Montecito Bank & Trust

Montecito Bank & Trust trimmed its holdings in iShares Russell Mid-Cap ETF (NYSEARCA:IWR) by 30.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 18,706 shares of the company’s stock after selling 8,172 shares during the period. Montecito Bank & Trust’s holdings in iShares Russell Mid-Cap ETF were worth $1,996,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. NFSG Corp lifted its holdings in shares of iShares Russell Mid-Cap ETF by 93.1% in the first quarter. NFSG Corp now owns 280 shares of the company’s stock valued at $27,000 after purchasing an additional 135 shares in the last quarter. Frazier Financial Advisors LLC purchased a new position in shares of iShares Russell Mid-Cap ETF during the 1st quarter worth approximately $31,000. Reflection Asset Management purchased a new position in shares of iShares Russell Mid-Cap ETF during the 4th quarter worth approximately $33,000. Scarborough Advisors LLC acquired a new position in shares of iShares Russell Mid-Cap ETF during the 1st quarter worth approximately $38,000. Finally, Tucker Asset Management LLC lifted its stake in iShares Russell Mid-Cap ETF by 234.6% in the 2nd quarter. Tucker Asset Management LLC now owns 358 shares of the company’s stock valued at $39,000 after buying an additional 251 shares in the last quarter. 80.16% of the stock is currently owned by hedge funds and other institutional investors.

iShares Russell Mid-Cap ETF Stock Performance

IWR stock traded up $0.88 on Thursday, reaching $107.59. The company had a trading volume of 1,567,896 shares, compared to its average volume of 2,241,593. The company’s fifty day moving average is $110.93 and its 200 day moving average is $106.97. The company has a market cap of $55.27 billion, a P/E ratio of 21.00 and a beta of 1.00. iShares Russell Mid-Cap ETF has a 1 year low of $91.64 and a 1 year high of $114.97.

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.