BG Investment Services Inc. Lowers Stake in iShares Russell Mid-Cap ETF $IWR

BG Investment Services Inc. trimmed its holdings in shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR) by 34.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,636 shares of the company’s stock after selling 12,413 shares during the quarter. iShares Russell Mid-Cap ETF makes up about 2.8% of BG Investment Services Inc.’s investment portfolio, making the stock its 10th largest holding. BG Investment Services Inc.’s holdings in iShares Russell Mid-Cap ETF were worth $2,200,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in IWR. Riggs Asset Managment Co. Inc. purchased a new position in shares of iShares Russell Mid-Cap ETF during the 1st quarter worth $28,000. N.E.W. Advisory Services LLC bought a new position in iShares Russell Mid-Cap ETF in the 1st quarter worth $30,000. Rossby Financial LCC purchased a new position in iShares Russell Mid-Cap ETF during the first quarter valued at $31,000. Physician Wealth Advisors Inc. purchased a new position in iShares Russell Mid-Cap ETF during the first quarter valued at $36,000. Finally, Atticus Wealth Management LLC grew its holdings in iShares Russell Mid-Cap ETF by 123.1% during the second quarter. Atticus Wealth Management LLC now owns 415 shares of the company’s stock valued at $38,000 after purchasing an additional 229 shares during the period. 80.16% of the stock is currently owned by institutional investors.

iShares Russell Mid-Cap ETF Stock Up 1.2%

NYSEARCA IWR opened at $96.40 on Tuesday. iShares Russell Mid-Cap ETF has a 52 week low of $73.17 and a 52 week high of $97.80. The company has a market capitalization of $45.05 billion, a P/E ratio of 21.00 and a beta of 1.09. The stock’s 50-day moving average price is $95.89 and its 200-day moving average price is $91.20.

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.