Principal Financial Group Inc. Cuts Stake in iShares Russell Mid-Cap ETF $IWR

Principal Financial Group Inc. lowered its holdings in shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR) by 55.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 203,641 shares of the company’s stock after selling 255,612 shares during the period. Principal Financial Group Inc.’s holdings in iShares Russell Mid-Cap ETF were worth $19,800,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. HFM Investment Advisors LLC bought a new stake in iShares Russell Mid-Cap ETF in the fourth quarter worth $28,000. Reflection Asset Management purchased a new stake in iShares Russell Mid-Cap ETF during the fourth quarter valued at about $33,000. Commonwealth Retirement Investments LLC bought a new position in shares of iShares Russell Mid-Cap ETF during the fourth quarter valued at about $41,000. TD Capital Management LLC bought a new position in shares of iShares Russell Mid-Cap ETF during the fourth quarter valued at about $42,000. Finally, Dorato Capital Management purchased a new position in shares of iShares Russell Mid-Cap ETF in the fourth quarter worth about $43,000. Hedge funds and other institutional investors own 80.16% of the company’s stock.

iShares Russell Mid-Cap ETF Trading Up 0.5%

IWR opened at $109.32 on Wednesday. iShares Russell Mid-Cap ETF has a 12 month low of $91.36 and a 12 month high of $111.43. The business’s 50-day moving average price is $107.97 and its 200-day moving average price is $103.27. The company has a market cap of $56.75 billion, a P/E ratio of 21.00 and a beta of 1.00.

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.