Bank of New York Mellon Corp Sells 109,240 Shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR)

Bank of New York Mellon Corp lessened its stake in shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR) by 1.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 7,177,499 shares of the company’s stock after selling 109,240 shares during the period. Bank of New York Mellon Corp’s holdings in iShares Russell Mid-Cap ETF were worth $634,491,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in IWR. Strategic Financial Concepts LLC boosted its position in iShares Russell Mid-Cap ETF by 9,889.6% during the fourth quarter. Strategic Financial Concepts LLC now owns 544,732 shares of the company’s stock worth $48,154,000 after purchasing an additional 539,279 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of iShares Russell Mid-Cap ETF in the third quarter worth $32,886,000. Atlas Legacy Advisors LLC bought a new stake in shares of iShares Russell Mid-Cap ETF during the 4th quarter worth $24,598,000. JPMorgan Chase & Co. boosted its holdings in shares of iShares Russell Mid-Cap ETF by 2.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,059,914 shares of the company’s stock worth $622,261,000 after buying an additional 198,719 shares during the period. Finally, PFW Advisors LLC acquired a new position in iShares Russell Mid-Cap ETF in the 4th quarter valued at $17,061,000.

iShares Russell Mid-Cap ETF Price Performance

Shares of IWR opened at $89.41 on Wednesday. The company has a market capitalization of $38.92 billion, a PE ratio of 21.79 and a beta of 1.12. iShares Russell Mid-Cap ETF has a one year low of $78.36 and a one year high of $96.00. The company’s fifty day moving average price is $90.68 and its 200 day moving average price is $89.59.

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.