Tortoise Investment Management LLC Sells 485 Shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR)

Tortoise Investment Management LLC reduced its stake in shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR) by 14.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,915 shares of the company’s stock after selling 485 shares during the period. Tortoise Investment Management LLC’s holdings in iShares Russell Mid-Cap ETF were worth $236,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. LifeSteps Financial Inc. acquired a new position in iShares Russell Mid-Cap ETF during the first quarter worth $25,000. Paladin Advisory Group LLC acquired a new position in iShares Russell Mid-Cap ETF during the second quarter worth $27,000. Future Financial Wealth Managment LLC acquired a new position in iShares Russell Mid-Cap ETF during the first quarter worth $29,000. Financial Synergies Wealth Advisors Inc. raised its holdings in iShares Russell Mid-Cap ETF by 120.9% during the first quarter. Financial Synergies Wealth Advisors Inc. now owns 380 shares of the company’s stock worth $32,000 after buying an additional 208 shares during the last quarter. Finally, Sage Mountain Advisors LLC raised its holdings in iShares Russell Mid-Cap ETF by 50.9% during the second quarter. Sage Mountain Advisors LLC now owns 403 shares of the company’s stock worth $33,000 after buying an additional 136 shares during the last quarter.

iShares Russell Mid-Cap ETF Trading Down 1.7 %

IWR opened at $85.14 on Wednesday. The company’s fifty day moving average price is $83.26 and its two-hundred day moving average price is $82.10. iShares Russell Mid-Cap ETF has a 1-year low of $64.66 and a 1-year high of $86.91. The company has a market cap of $35.17 billion, a price-to-earnings ratio of 20.27 and a beta of 1.02.

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.