Arax Advisory Partners Acquires Shares of 18,866 iShares Russell Mid-Cap ETF $IWR

Arax Advisory Partners purchased a new stake in iShares Russell Mid-Cap ETF (NYSEARCA:IWR) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 18,866 shares of the company’s stock, valued at approximately $1,816,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Wells Fargo & Company MN raised its position in shares of iShares Russell Mid-Cap ETF by 3.6% during the 4th quarter. Wells Fargo & Company MN now owns 41,686,088 shares of the company’s stock worth $4,013,120,000 after purchasing an additional 1,438,369 shares during the period. Morgan Stanley increased its position in iShares Russell Mid-Cap ETF by 4.5% in the 4th quarter. Morgan Stanley now owns 10,797,769 shares of the company’s stock valued at $1,039,501,000 after acquiring an additional 460,088 shares during the period. Bank of New York Mellon Corp increased its position in iShares Russell Mid-Cap ETF by 7.6% in the 4th quarter. Bank of New York Mellon Corp now owns 10,779,440 shares of the company’s stock valued at $1,037,737,000 after acquiring an additional 756,994 shares during the period. Northern Trust Corp increased its position in iShares Russell Mid-Cap ETF by 1.4% in the 3rd quarter. Northern Trust Corp now owns 9,804,635 shares of the company’s stock valued at $946,638,000 after acquiring an additional 134,966 shares during the period. Finally, JPMorgan Chase & Co. increased its position in iShares Russell Mid-Cap ETF by 1.7% in the 4th quarter. JPMorgan Chase & Co. now owns 6,739,350 shares of the company’s stock valued at $648,797,000 after acquiring an additional 115,580 shares during the period. 80.16% of the stock is currently owned by institutional investors and hedge funds.

iShares Russell Mid-Cap ETF Price Performance

IWR opened at $109.43 on Tuesday. iShares Russell Mid-Cap ETF has a 12 month low of $88.83 and a 12 month high of $110.16. The stock has a market cap of $55.04 billion, a P/E ratio of 21.00 and a beta of 1.00. The stock’s 50 day moving average price is $104.60 and its 200 day moving average price is $101.01.

iShares Russell Mid-Cap ETF Company 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.