Canandaigua National Bank & Trust Co. Buys New Stake in iShares Russell Mid-Cap ETF $IWR

Canandaigua National Bank & Trust Co. bought a new position in iShares Russell Mid-Cap ETF (NYSEARCA:IWR) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 54,356 shares of the company’s stock, valued at approximately $5,997,000.

Other hedge funds also recently made changes to their positions in the company. Bank of America Corp DE boosted its position in shares of iShares Russell Mid-Cap ETF by 6.6% during the 4th quarter. Bank of America Corp DE now owns 66,569,630 shares of the company’s stock valued at $6,408,658,000 after acquiring an additional 4,145,765 shares during the last quarter. Wells Fargo & Company MN raised its stake 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 position 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 during the last quarter. Bank of New York Mellon Corp lifted its position 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 during the last quarter. Finally, Northern Trust Corp grew its stake in shares of iShares Russell Mid-Cap ETF by 5.4% in the 4th quarter. Northern Trust Corp now owns 10,331,591 shares of the company’s stock worth $994,622,000 after buying an additional 526,956 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 Up 1.7%

Shares of NYSEARCA:IWR opened at $112.93 on Wednesday. The firm has a fifty day simple moving average of $109.03 and a two-hundred day simple moving average of $104.05. iShares Russell Mid-Cap ETF has a 52 week low of $91.64 and a 52 week high of $113.08. The stock has a market capitalization of $57.28 billion, a P/E ratio of 21.00 and a beta of 1.00.

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.