Bessemer Group Inc. Decreases Stock Position in iShares Russell Mid-Cap ETF $IWR

Bessemer Group Inc. trimmed its holdings in iShares Russell Mid-Cap ETF (NYSEARCA:IWR) by 5.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 132,847 shares of the company’s stock after selling 7,159 shares during the period. Bessemer Group Inc.’s holdings in iShares Russell Mid-Cap ETF were worth $12,917,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in IWR. Bank of America Corp DE raised its position in iShares Russell Mid-Cap ETF by 6.6% during the fourth quarter. Bank of America Corp DE now owns 66,569,630 shares of the company’s stock worth $6,408,658,000 after acquiring an additional 4,145,765 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of 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. Morgan Stanley grew its position in shares of iShares Russell Mid-Cap ETF by 4.5% in the fourth quarter. Morgan Stanley now owns 10,797,769 shares of the company’s stock valued at $1,039,501,000 after purchasing an additional 460,088 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of iShares Russell Mid-Cap ETF by 7.6% during the 4th quarter. Bank of New York Mellon Corp now owns 10,779,440 shares of the company’s stock worth $1,037,737,000 after purchasing an additional 756,994 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of iShares Russell Mid-Cap ETF by 5.4% during the 4th quarter. Northern Trust Corp now owns 10,331,591 shares of the company’s stock worth $994,622,000 after purchasing an additional 526,956 shares in the last quarter. 80.16% of the stock is currently owned by hedge funds and other institutional investors.

iShares Russell Mid-Cap ETF Price Performance

Shares of iShares Russell Mid-Cap ETF stock opened at $109.34 on Monday. iShares Russell Mid-Cap ETF has a 1 year low of $91.36 and a 1 year high of $111.43. The company has a market capitalization of $56.75 billion, a P/E ratio of 21.00 and a beta of 1.00. The business has a 50 day moving average price of $107.82 and a 200 day moving average price of $103.10.

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.