Grimes & Company Inc. Reduces Stock Position in iShares Russell Mid-Cap ETF $IWR

Grimes & Company Inc. lessened its stake in iShares Russell Mid-Cap ETF (NYSEARCA:IWR) by 22.4% in the second quarter, HoldingsChannel reports. The firm owned 8,284 shares of the company’s stock after selling 2,395 shares during the period. Grimes & Company Inc.’s holdings in iShares Russell Mid-Cap ETF were worth $762,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of IWR. Riggs Asset Managment Co. Inc. bought a new position in iShares Russell Mid-Cap ETF in the first quarter valued at about $28,000. N.E.W. Advisory Services LLC bought a new position in shares of iShares Russell Mid-Cap ETF in the 1st quarter worth approximately $30,000. Rossby Financial LCC bought a new position in shares of iShares Russell Mid-Cap ETF in the 1st quarter worth approximately $31,000. Atticus Wealth Management LLC boosted its holdings in shares of iShares Russell Mid-Cap ETF by 123.1% in the second quarter. Atticus Wealth Management LLC now owns 415 shares of the company’s stock worth $38,000 after buying an additional 229 shares during the last quarter. Finally, Crews Bank & Trust grew its position in iShares Russell Mid-Cap ETF by 54.5% during the second quarter. Crews Bank & Trust now owns 425 shares of the company’s stock valued at $39,000 after buying an additional 150 shares during the period. 80.16% of the stock is owned by institutional investors.

iShares Russell Mid-Cap ETF Trading Up 0.1%

IWR opened at $97.30 on Tuesday. The firm’s 50 day simple moving average is $95.40 and its two-hundred day simple moving average is $90.42. The company has a market capitalization of $45.29 billion, a PE ratio of 21.00 and a beta of 1.09. iShares Russell Mid-Cap ETF has a 1-year low of $73.17 and a 1-year high of $97.80.

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.