Bank of New York Mellon Corp Sells 593,670 Shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR)

Bank of New York Mellon Corp trimmed its position in shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR) by 7.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 7,360,828 shares of the company’s stock after selling 593,670 shares during the quarter. Bank of New York Mellon Corp’s holdings in iShares Russell Mid-Cap ETF were worth $596,816,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Pathstone Holdings LLC bought a new position in iShares Russell Mid-Cap ETF in the 4th quarter worth about $157,496,000. Baird Financial Group Inc. grew its stake in iShares Russell Mid-Cap ETF by 28.3% in the 4th quarter. Baird Financial Group Inc. now owns 7,802,114 shares of the company’s stock worth $606,458,000 after acquiring an additional 1,722,388 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of iShares Russell Mid-Cap ETF by 849.0% during the first quarter. Cetera Investment Advisers now owns 1,192,772 shares of the company’s stock valued at $100,300,000 after purchasing an additional 1,067,086 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of iShares Russell Mid-Cap ETF by 3.5% during the fourth quarter. Jones Financial Companies Lllp now owns 20,399,582 shares of the company’s stock valued at $1,585,660,000 after purchasing an additional 695,205 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. bought a new position in shares of iShares Russell Mid-Cap ETF during the first quarter valued at approximately $38,875,000.

iShares Russell Mid-Cap ETF Stock Down 0.1 %

Shares of NYSEARCA IWR traded down $0.08 during midday trading on Monday, reaching $86.25. 627,048 shares of the company’s stock traded hands, compared to its average volume of 1,275,556. The stock’s 50 day simple moving average is $82.58 and its 200-day simple moving average is $81.75. iShares Russell Mid-Cap ETF has a one year low of $64.66 and a one year high of $86.91. The company has a market cap of $35.63 billion, a price-to-earnings ratio of 20.27 and a beta of 1.02.

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.