NewEdge Advisors LLC Trims Position in iShares Russell Mid-Cap ETF $IWR

NewEdge Advisors LLC decreased its stake in shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR) by 12.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 260,616 shares of the company’s stock after selling 38,702 shares during the quarter. NewEdge Advisors LLC owned approximately 0.05% of iShares Russell Mid-Cap ETF worth $25,340,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. NFSG Corp raised its stake in shares of iShares Russell Mid-Cap ETF by 93.1% during the first quarter. NFSG Corp now owns 280 shares of the company’s stock valued at $27,000 after acquiring an additional 135 shares in the last quarter. HFM Investment Advisors LLC purchased a new stake in shares of iShares Russell Mid-Cap ETF in the fourth quarter valued at approximately $28,000. Frazier Financial Advisors LLC bought a new position in iShares Russell Mid-Cap ETF in the first quarter worth approximately $31,000. Reflection Asset Management bought a new position in iShares Russell Mid-Cap ETF in the fourth quarter worth approximately $33,000. Finally, Scarborough Advisors LLC purchased a new position in iShares Russell Mid-Cap ETF during the 1st quarter worth $38,000. 80.16% of the stock is owned by hedge funds and other institutional investors.

iShares Russell Mid-Cap ETF Stock Up 1.2%

Shares of NYSEARCA IWR opened at $113.11 on Friday. The business has a fifty day simple moving average of $109.35 and a two-hundred day simple moving average of $104.27. The firm has a market cap of $57.37 billion, a PE ratio of 21.00 and a beta of 1.00. iShares Russell Mid-Cap ETF has a twelve month low of $91.64 and a twelve month high of $113.39.

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.