Northwestern Mutual Wealth Management Co. Has $113.56 Million Stake in iShares Russell Mid-Cap ETF $IWR

Northwestern Mutual Wealth Management Co. raised its stake in iShares Russell Mid-Cap ETF (NYSEARCA:IWR) by 10.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,179,604 shares of the company’s stock after buying an additional 109,656 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares Russell Mid-Cap ETF were worth $113,560,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Moors & Cabot Inc. grew its stake in shares of iShares Russell Mid-Cap ETF by 31.1% in the fourth quarter. Moors & Cabot Inc. now owns 10,787 shares of the company’s stock valued at $1,038,000 after acquiring an additional 2,559 shares in the last quarter. Godfrey Financial Associates Inc. bought a new stake in iShares Russell Mid-Cap ETF during the fourth quarter worth about $309,000. IFG Advisory LLC lifted its position in iShares Russell Mid-Cap ETF by 15.7% during the fourth quarter. IFG Advisory LLC now owns 5,390 shares of the company’s stock worth $519,000 after purchasing an additional 730 shares during the period. Swmg LLC lifted its position in iShares Russell Mid-Cap ETF by 5.5% during the fourth quarter. Swmg LLC now owns 19,213 shares of the company’s stock worth $1,955,000 after purchasing an additional 1,002 shares during the period. Finally, Kingsview Wealth Management LLC lifted its holdings in shares of iShares Russell Mid-Cap ETF by 17.9% in the fourth quarter. Kingsview Wealth Management LLC now owns 43,976 shares of the company’s stock worth $4,234,000 after acquiring an additional 6,664 shares during the last quarter. 80.16% of the stock is currently owned by institutional investors and hedge funds.

iShares Russell Mid-Cap ETF Trading Up 0.2%

IWR stock opened at $107.37 on Friday. The stock has a market capitalization of $54.01 billion, a P/E ratio of 21.00 and a beta of 1.01. iShares Russell Mid-Cap ETF has a 12 month low of $87.68 and a 12 month high of $107.57. The firm has a 50-day moving average price of $102.27 and a 200-day moving average price of $99.96.

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.