Bank of Nova Scotia Trims Position in iShares Russell Mid-Cap ETF (NYSEARCA:IWR)

Bank of Nova Scotia reduced its position in iShares Russell Mid-Cap ETF (NYSEARCA:IWR) by 22.4% in the 4th quarter, Holdings Channel reports. The fund owned 165,405 shares of the company’s stock after selling 47,841 shares during the period. Bank of Nova Scotia’s holdings in iShares Russell Mid-Cap ETF were worth $14,622,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. purchased a new position in shares of iShares Russell Mid-Cap ETF in the 4th quarter worth $25,000. Roxbury Financial LLC acquired a new stake in iShares Russell Mid-Cap ETF during the fourth quarter worth about $25,000. First Pacific Financial purchased a new position in shares of iShares Russell Mid-Cap ETF in the 4th quarter worth about $27,000. Fairscale Capital LLC acquired a new position in shares of iShares Russell Mid-Cap ETF in the 4th quarter valued at about $27,000. Finally, Hoese & Co LLP purchased a new stake in shares of iShares Russell Mid-Cap ETF during the 4th quarter worth about $32,000.

iShares Russell Mid-Cap ETF Stock Down 3.6 %

iShares Russell Mid-Cap ETF stock opened at $78.44 on Friday. The firm has a market capitalization of $35.10 billion, a P/E ratio of 20.81 and a beta of 1.13. The firm has a fifty day moving average of $86.71 and a 200-day moving average of $89.27. iShares Russell Mid-Cap ETF has a 52-week low of $73.17 and a 52-week high of $96.01.

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.