Gateway Wealth Partners LLC Invests $817,000 in iShares Russell Mid-Cap ETF $IWR

Gateway Wealth Partners LLC bought a new stake in shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 8,404 shares of the company’s stock, valued at approximately $817,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE increased its holdings in iShares Russell Mid-Cap ETF by 6.6% in the 4th quarter. Bank of America Corp DE now owns 66,569,630 shares of the company’s stock worth $6,408,658,000 after acquiring an additional 4,145,765 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in iShares Russell Mid-Cap ETF by 3.6% during the fourth quarter. Wells Fargo & Company MN now owns 41,686,088 shares of the company’s stock valued at $4,013,120,000 after purchasing an additional 1,438,369 shares in the last quarter. Royal Bank of Canada lifted its holdings in iShares Russell Mid-Cap ETF by 12.9% during the fourth quarter. Royal Bank of Canada now owns 7,911,910 shares of the company’s stock valued at $761,679,000 after purchasing an additional 905,157 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in iShares Russell Mid-Cap ETF by 7.6% during the fourth quarter. Bank of New York Mellon Corp now owns 10,779,440 shares of the company’s stock valued at $1,037,737,000 after purchasing an additional 756,994 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of iShares Russell Mid-Cap ETF by 5.4% in the fourth quarter. Northern Trust Corp now owns 10,331,591 shares of the company’s stock valued at $994,622,000 after purchasing an additional 526,956 shares during the period. Institutional investors and hedge funds own 80.16% of the company’s stock.

iShares Russell Mid-Cap ETF Stock Down 1.0%

IWR stock opened at $109.58 on Thursday. The stock has a market capitalization of $55.92 billion, a P/E ratio of 21.00 and a beta of 1.00. The firm has a 50-day simple moving average of $108.63 and a 200-day simple moving average of $103.75. iShares Russell Mid-Cap ETF has a 52 week low of $91.36 and a 52 week high of $111.43.

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. 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.