PNC Financial Services Group Inc. Has $1.20 Billion Stake in iShares Russell Mid-Cap ETF $IWR

PNC Financial Services Group Inc. decreased its position in iShares Russell Mid-Cap ETF (NYSEARCA:IWR) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,497,707 shares of the company’s stock after selling 249,773 shares during the quarter. iShares Russell Mid-Cap ETF comprises 0.7% of PNC Financial Services Group Inc.’s investment portfolio, making the stock its 21st largest holding. PNC Financial Services Group Inc. owned 2.61% of iShares Russell Mid-Cap ETF worth $1,203,154,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Corepath Wealth Partners LLC increased its position in iShares Russell Mid-Cap ETF by 282.0% during the third quarter. Corepath Wealth Partners LLC now owns 17,110 shares of the company’s stock worth $1,665,000 after buying an additional 12,631 shares during the last quarter. Atria Investments Inc raised its holdings in iShares Russell Mid-Cap ETF by 23.2% during the third quarter. Atria Investments Inc now owns 32,527 shares of the company’s stock valued at $3,140,000 after buying an additional 6,128 shares in the last quarter. Becker Capital Management Inc. acquired a new stake in shares of iShares Russell Mid-Cap ETF in the third quarter worth about $1,173,000. American Wealth Advisors LLC acquired a new stake in shares of iShares Russell Mid-Cap ETF in the third quarter worth about $939,000. Finally, NorthRock Partners LLC boosted its stake in shares of iShares Russell Mid-Cap ETF by 1,296.2% during the 3rd quarter. NorthRock Partners LLC now owns 533,490 shares of the company’s stock worth $51,508,000 after acquiring an additional 495,279 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

Shares of NYSEARCA IWR opened at $103.06 on Wednesday. The firm has a market cap of $51.84 billion, a price-to-earnings ratio of 21.00 and a beta of 1.01. The business’s 50-day simple moving average is $101.01 and its 200-day simple moving average is $99.37. iShares Russell Mid-Cap ETF has a 52 week low of $86.89 and a 52 week high of $106.43.

About iShares Russell Mid-Cap ETF

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.