Miller Investment Management LP Sells 31,453 Shares of iShares Russell Mid-Cap ETF $IWR

Miller Investment Management LP lessened its holdings in iShares Russell Mid-Cap ETF (NYSEARCA:IWR) by 13.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 194,565 shares of the company’s stock after selling 31,453 shares during the period. iShares Russell Mid-Cap ETF makes up 1.8% of Miller Investment Management LP’s portfolio, making the stock its 14th biggest position. Miller Investment Management LP’s holdings in iShares Russell Mid-Cap ETF were worth $18,731,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its stake in shares of iShares Russell Mid-Cap ETF by 7.6% in the 4th 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 period. Northern Trust Corp lifted its position in shares of iShares Russell Mid-Cap ETF by 1.4% during the 3rd quarter. Northern Trust Corp now owns 9,804,635 shares of the company’s stock worth $946,638,000 after buying an additional 134,966 shares during the period. JPMorgan Chase & Co. boosted its stake in iShares Russell Mid-Cap ETF by 1.7% in the 4th quarter. JPMorgan Chase & Co. now owns 6,739,350 shares of the company’s stock valued at $648,797,000 after buying an additional 115,580 shares in the last quarter. AMG National Trust Bank boosted its stake in iShares Russell Mid-Cap ETF by 0.4% in the 4th quarter. AMG National Trust Bank now owns 3,811,621 shares of the company’s stock valued at $366,945,000 after buying an additional 13,491 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in iShares Russell Mid-Cap ETF by 4.4% in the second quarter. Ameriprise Financial Inc. now owns 3,540,276 shares of the company’s stock valued at $331,052,000 after acquiring an additional 147,857 shares during the period. Institutional investors own 80.16% of the company’s stock.

iShares Russell Mid-Cap ETF Price Performance

iShares Russell Mid-Cap ETF stock opened at $105.39 on Thursday. The firm has a market capitalization of $53.01 billion, a P/E ratio of 21.00 and a beta of 1.00. The stock has a fifty day moving average price of $103.96 and a two-hundred day moving average price of $100.71. iShares Russell Mid-Cap ETF has a 52-week low of $88.83 and a 52-week high of $108.65.

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.