Perennial Investment Advisors LLC Has $1.41 Million Stake in iShares Russell Mid-Cap ETF $IWR

Perennial Investment Advisors LLC reduced its position in iShares Russell Mid-Cap ETF (NYSEARCA:IWR) by 7.1% during the second quarter, HoldingsChannel reports. The firm owned 15,273 shares of the company’s stock after selling 1,159 shares during the period. Perennial Investment Advisors LLC’s holdings in iShares Russell Mid-Cap ETF were worth $1,405,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of IWR. Jones Financial Companies Lllp lifted its stake in shares of iShares Russell Mid-Cap ETF by 6.9% in the 1st quarter. Jones Financial Companies Lllp now owns 66,497,354 shares of the company’s stock valued at $5,628,396,000 after purchasing an additional 4,290,076 shares during the period. US Bancorp DE increased its holdings in iShares Russell Mid-Cap ETF by 2.2% in the first quarter. US Bancorp DE now owns 19,325,451 shares of the company’s stock worth $1,644,034,000 after purchasing an additional 418,491 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in iShares Russell Mid-Cap ETF by 23.5% in the second quarter. Bank of New York Mellon Corp now owns 9,899,322 shares of the company’s stock valued at $910,441,000 after buying an additional 1,880,984 shares during the period. Northern Trust Corp lifted its stake in iShares Russell Mid-Cap ETF by 0.8% in the first quarter. Northern Trust Corp now owns 9,371,071 shares of the company’s stock valued at $797,197,000 after buying an additional 75,638 shares during the period. Finally, Baird Financial Group Inc. boosted its holdings in shares of iShares Russell Mid-Cap ETF by 1.8% during the 1st quarter. Baird Financial Group Inc. now owns 8,218,663 shares of the company’s stock worth $699,162,000 after buying an additional 142,576 shares in the last quarter. Institutional investors own 80.16% of the company’s stock.

iShares Russell Mid-Cap ETF Stock Up 0.1%

Shares of IWR stock opened at $93.19 on Wednesday. The firm has a 50 day moving average of $95.99 and a 200-day moving average of $93.45. The company has a market cap of $43.71 billion, a price-to-earnings ratio of 21.00 and a beta of 1.06. iShares Russell Mid-Cap ETF has a 52 week low of $73.17 and a 52 week high of $97.87.

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.