Foundations Investment Advisors LLC Reduces Stock Holdings in iShares Russell Mid-Cap ETF (NYSEARCA:IWR)

Foundations Investment Advisors LLC cut its stake in iShares Russell Mid-Cap ETF (NYSEARCA:IWR) by 3.1% in the 3rd quarter, Holdings Channel reports. The firm owned 9,223 shares of the company’s stock after selling 298 shares during the period. Foundations Investment Advisors LLC’s holdings in iShares Russell Mid-Cap ETF were worth $813,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. US Bancorp DE lifted its stake in shares of iShares Russell Mid-Cap ETF by 0.8% in the 2nd quarter. US Bancorp DE now owns 21,249,473 shares of the company’s stock valued at $1,722,921,000 after purchasing an additional 176,860 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of iShares Russell Mid-Cap ETF by 1.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,403,601 shares of the company’s stock valued at $357,044,000 after buying an additional 45,347 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its position in shares of iShares Russell Mid-Cap ETF by 2.5% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,966,679 shares of the company’s stock worth $321,618,000 after buying an additional 98,154 shares during the period. AMG National Trust Bank grew its position in shares of iShares Russell Mid-Cap ETF by 2.0% in the 2nd quarter. AMG National Trust Bank now owns 3,846,913 shares of the company’s stock worth $311,908,000 after buying an additional 76,018 shares during the period. Finally, LPL Financial LLC increased its stake in shares of iShares Russell Mid-Cap ETF by 2.8% in the 2nd quarter. LPL Financial LLC now owns 3,130,891 shares of the company’s stock worth $253,853,000 after acquiring an additional 84,394 shares in the last quarter.

iShares Russell Mid-Cap ETF Price Performance

NYSEARCA:IWR opened at $88.65 on Friday. The firm has a market capitalization of $36.62 billion, a P/E ratio of 20.27 and a beta of 1.02. iShares Russell Mid-Cap ETF has a one year low of $64.66 and a one year high of $90.18. The company’s 50-day simple moving average is $86.83 and its 200 day simple moving average is $83.51.

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.