Eastern Bank Increases Stock Position in iShares Russell Mid-Cap ETF $IWR

Eastern Bank raised its position in shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR) by 64.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,599 shares of the company’s stock after buying an additional 12,735 shares during the period. Eastern Bank’s holdings in iShares Russell Mid-Cap ETF were worth $2,998,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Riggs Asset Managment Co. Inc. purchased a new stake in iShares Russell Mid-Cap ETF during the 1st quarter valued at $28,000. N.E.W. Advisory Services LLC purchased a new stake in iShares Russell Mid-Cap ETF during the 1st quarter valued at $30,000. Rossby Financial LCC purchased a new stake in iShares Russell Mid-Cap ETF during the 1st quarter valued at $31,000. Atticus Wealth Management LLC boosted its position in iShares Russell Mid-Cap ETF by 123.1% during the 2nd quarter. Atticus Wealth Management LLC now owns 415 shares of the company’s stock valued at $38,000 after buying an additional 229 shares during the period. Finally, Crews Bank & Trust lifted its position in shares of iShares Russell Mid-Cap ETF by 54.5% in the 2nd quarter. Crews Bank & Trust now owns 425 shares of the company’s stock worth $39,000 after purchasing an additional 150 shares during the period. Hedge funds and other institutional investors own 80.16% of the company’s stock.

iShares Russell Mid-Cap ETF Trading Down 2.6%

Shares of IWR opened at $94.02 on Friday. iShares Russell Mid-Cap ETF has a 1-year low of $73.17 and a 1-year high of $97.80. The firm’s 50-day moving average price is $95.58 and its 200-day moving average price is $90.62. The firm has a market capitalization of $43.86 billion, a price-to-earnings ratio of 21.00 and a beta of 1.09.

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.