Chapin Davis Inc. Makes New $2.19 Million Investment in iShares Russell Mid-Cap ETF $IWR

Chapin Davis Inc. purchased a new stake in shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR) in the third quarter, Holdings Channel reports. The firm purchased 20,472 shares of the company’s stock, valued at approximately $2,185,000.

Other institutional investors have also recently bought and sold shares of the company. Wells Fargo & Company MN lifted its stake in shares of iShares Russell Mid-Cap ETF by 3.6% in 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 buying an additional 1,438,369 shares in the last quarter. Baird Financial Group Inc. increased its position in shares of iShares Russell Mid-Cap ETF by 18.8% during the second quarter. Baird Financial Group Inc. now owns 10,660,298 shares of the company’s stock worth $1,176,044,000 after acquiring an additional 1,690,390 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of iShares Russell Mid-Cap ETF by 0.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 4,500,690 shares of the company’s stock worth $496,505,000 after acquiring an additional 29,329 shares during the last quarter. AMG National Trust Bank raised its holdings in shares of iShares Russell Mid-Cap ETF by 2.0% in the 1st quarter. AMG National Trust Bank now owns 3,889,097 shares of the company’s stock worth $378,137,000 after acquiring an additional 77,476 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in iShares Russell Mid-Cap ETF by 25.7% in the 1st quarter. Fifth Third Bancorp now owns 2,547,979 shares of the company’s stock valued at $247,740,000 after acquiring an additional 521,709 shares in the last quarter. Institutional investors and hedge funds own 80.16% of the company’s stock.

iShares Russell Mid-Cap ETF Stock Performance

IWR stock opened at $108.87 on Friday. The business has a 50-day simple moving average of $110.81 and a two-hundred day simple moving average of $107.44. The company has a market capitalization of $56.16 billion, a P/E ratio of 21.00 and a beta of 1.00. iShares Russell Mid-Cap ETF has a 52-week low of $91.64 and a 52-week high of $114.97.

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.