Steph & Co. Makes New $11.87 Million Investment in iShares Russell Mid-Cap ETF $IWR

Steph & Co. purchased a new position in shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 111,232 shares of the company’s stock, valued at approximately $11,870,000. iShares Russell Mid-Cap ETF accounts for about 2.9% of Steph & Co.’s holdings, making the stock its 8th largest position.

A number of other institutional investors have also recently added to or reduced their stakes in IWR. Baird Financial Group Inc. grew its stake 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 valued at $1,176,044,000 after acquiring an additional 1,690,390 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in 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 purchasing an additional 1,438,369 shares during the last quarter. Performa Ltd US LLC grew its stake in iShares Russell Mid-Cap ETF by 465.1% during the 2nd quarter. Performa Ltd US LLC now owns 1,124,020 shares of the company’s stock valued at $124,002,000 after purchasing an additional 925,119 shares in the last quarter. Fifth Third Bancorp increased its holdings in iShares Russell Mid-Cap ETF by 25.7% during the 1st quarter. Fifth Third Bancorp now owns 2,547,979 shares of the company’s stock worth $247,740,000 after purchasing an additional 521,709 shares during the last quarter. Finally, LPL Financial LLC increased its holdings in iShares Russell Mid-Cap ETF by 9.8% during the 4th quarter. LPL Financial LLC now owns 3,520,066 shares of the company’s stock worth $338,877,000 after purchasing an additional 313,199 shares during the last quarter. Institutional investors and hedge funds own 80.16% of the company’s stock.

iShares Russell Mid-Cap ETF Stock Down 1.1%

Shares of IWR traded down $1.21 during trading on Wednesday, reaching $108.47. The company’s stock had a trading volume of 936,515 shares, compared to its average volume of 2,225,370. The company has a market cap of $55.95 billion, a price-to-earnings ratio of 21.00 and a beta of 1.00. The company has a fifty day moving average of $110.83 and a two-hundred day moving average of $107.35. iShares Russell Mid-Cap ETF has a twelve month low of $91.64 and a twelve month high of $114.97.

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.