iShares Russell Mid-Cap ETF (NYSEARCA:IWR) Position Trimmed by Franklin Resources Inc.

Franklin Resources Inc. trimmed its stake in iShares Russell Mid-Cap ETF (NYSEARCA:IWR) by 0.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 695,927 shares of the company’s stock after selling 6,567 shares during the quarter. Franklin Resources Inc.’s holdings in iShares Russell Mid-Cap ETF were worth $61,520,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Jones Financial Companies Lllp boosted its position in iShares Russell Mid-Cap ETF by 44.7% during the fourth quarter. Jones Financial Companies Lllp now owns 62,207,278 shares of the company’s stock valued at $5,499,123,000 after purchasing an additional 19,216,938 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of iShares Russell Mid-Cap ETF by 2.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,059,914 shares of the company’s stock worth $622,261,000 after purchasing an additional 198,719 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of iShares Russell Mid-Cap ETF by 1.0% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,071,476 shares of the company’s stock worth $359,919,000 after purchasing an additional 39,899 shares in the last quarter. Truist Financial Corp lifted its holdings in shares of iShares Russell Mid-Cap ETF by 1.7% during the 4th quarter. Truist Financial Corp now owns 3,674,764 shares of the company’s stock valued at $324,849,000 after buying an additional 62,030 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of iShares Russell Mid-Cap ETF in the 4th quarter valued at approximately $237,761,000.

iShares Russell Mid-Cap ETF Stock Performance

Shares of IWR opened at $81.68 on Friday. The firm has a market cap of $36.55 billion, a PE ratio of 20.81 and a beta of 1.13. The firm’s 50 day moving average price is $88.72 and its 200 day moving average price is $89.75. iShares Russell Mid-Cap ETF has a twelve month low of $78.36 and a twelve month 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.