Bank of New York Mellon Corp Boosts Stock Holdings in iShares Russell Mid-Cap ETF $IWR

Bank of New York Mellon Corp grew its stake in shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR) by 1.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 10,022,446 shares of the company’s stock after buying an additional 123,124 shares during the quarter. Bank of New York Mellon Corp’s holdings in iShares Russell Mid-Cap ETF were worth $967,667,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Truist Financial Corp grew its position in iShares Russell Mid-Cap ETF by 6.1% during the third quarter. Truist Financial Corp now owns 4,194,401 shares of the company’s stock valued at $404,969,000 after acquiring an additional 239,492 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of iShares Russell Mid-Cap ETF by 4.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,540,276 shares of the company’s stock valued at $331,052,000 after purchasing an additional 147,857 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of iShares Russell Mid-Cap ETF by 1.1% during the 2nd quarter. Raymond James Financial Inc. now owns 2,709,795 shares of the company’s stock worth $249,220,000 after purchasing an additional 28,792 shares during the period. Johnson Investment Counsel Inc. increased its position in iShares Russell Mid-Cap ETF by 1.1% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 2,614,856 shares of the company’s stock worth $240,488,000 after purchasing an additional 29,418 shares in the last quarter. Finally, Bank of Montreal Can increased its position in iShares Russell Mid-Cap ETF by 1.9% during the 2nd quarter. Bank of Montreal Can now owns 1,353,515 shares of the company’s stock worth $124,483,000 after purchasing an additional 24,718 shares in the last quarter. 80.16% of the stock is owned by hedge funds and other institutional investors.

iShares Russell Mid-Cap ETF Stock Up 0.1%

Shares of IWR stock opened at $100.52 on Wednesday. iShares Russell Mid-Cap ETF has a fifty-two week low of $73.17 and a fifty-two week high of $101.73. The firm’s 50 day moving average price is $97.79 and its two-hundred day moving average price is $96.20. The stock has a market cap of $48.03 billion, a price-to-earnings ratio of 21.00 and a beta of 1.06.

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.