Royal Bank of Canada Sells 37,150 Shares of iShares Russell Mid-Cap ETF $IWR

Royal Bank of Canada trimmed its position in iShares Russell Mid-Cap ETF (NYSEARCA:IWR) by 0.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,874,760 shares of the company’s stock after selling 37,150 shares during the quarter. Royal Bank of Canada owned about 1.57% of iShares Russell Mid-Cap ETF worth $765,663,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its position in shares of iShares Russell Mid-Cap ETF by 6.6% in the fourth quarter. Bank of America Corp DE now owns 66,569,630 shares of the company’s stock worth $6,408,658,000 after purchasing an additional 4,145,765 shares during the period. Wells Fargo & Company MN raised its position in shares of iShares Russell Mid-Cap ETF by 3.6% during the 4th quarter. Wells Fargo & Company MN now owns 41,686,088 shares of the company’s stock valued at $4,013,120,000 after purchasing an additional 1,438,369 shares during the period. Morgan Stanley raised its position in shares of iShares Russell Mid-Cap ETF by 4.5% during the 4th quarter. Morgan Stanley now owns 10,797,769 shares of the company’s stock valued at $1,039,501,000 after purchasing an additional 460,088 shares during the period. Bank of New York Mellon Corp raised its position in shares of iShares Russell Mid-Cap ETF by 7.6% during the 4th quarter. Bank of New York Mellon Corp now owns 10,779,440 shares of the company’s stock valued at $1,037,737,000 after purchasing an additional 756,994 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of iShares Russell Mid-Cap ETF by 5.4% during the 4th quarter. Northern Trust Corp now owns 10,331,591 shares of the company’s stock valued at $994,622,000 after buying an additional 526,956 shares in the last quarter. Institutional investors own 80.16% of the company’s stock.

iShares Russell Mid-Cap ETF Stock Performance

Shares of iShares Russell Mid-Cap ETF stock opened at $110.72 on Wednesday. The company has a market capitalization of $56.59 billion, a P/E ratio of 21.00 and a beta of 1.00. The company has a fifty day moving average of $108.53 and a 200 day moving average of $103.68. iShares Russell Mid-Cap ETF has a fifty-two week low of $91.36 and a fifty-two week high of $111.43.

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. The Index is a float-adjusted, capitalization-weighted index of the 800 smallest issuers in the Russell 1000 Index. The Index includes equity securities issued by issuers, which range in size between approximately $1.7 billion and $12 billion, though these amounts may change from time to time.