German American Bancorp Inc. Grows Stock Holdings in iShares Russell Mid-Cap ETF $IWR

German American Bancorp Inc. boosted its stake in shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR) by 2.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 964,150 shares of the company’s stock after purchasing an additional 25,190 shares during the period. iShares Russell Mid-Cap ETF comprises about 8.2% of German American Bancorp Inc.’s investment portfolio, making the stock its 2nd biggest position. German American Bancorp Inc.’s holdings in iShares Russell Mid-Cap ETF were worth $93,089,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Welch & Forbes LLC boosted its holdings in iShares Russell Mid-Cap ETF by 0.5% in the 3rd quarter. Welch & Forbes LLC now owns 22,832 shares of the company’s stock worth $2,204,000 after buying an additional 105 shares during the period. Hollencrest Capital Management lifted its position in iShares Russell Mid-Cap ETF by 1.7% during the third quarter. Hollencrest Capital Management now owns 6,226 shares of the company’s stock valued at $601,000 after purchasing an additional 106 shares during the last quarter. Meridian Wealth Management LLC increased its stake in iShares Russell Mid-Cap ETF by 0.5% during the second quarter. Meridian Wealth Management LLC now owns 20,962 shares of the company’s stock worth $1,928,000 after acquiring an additional 112 shares during the last quarter. Cornerstone Wealth Management LLC increased its position in shares of iShares Russell Mid-Cap ETF by 0.5% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 21,223 shares of the company’s stock valued at $2,049,000 after purchasing an additional 114 shares during the last quarter. Finally, Shared Vision Wealth Group LLC raised its holdings in iShares Russell Mid-Cap ETF by 4.4% during the 3rd quarter. Shared Vision Wealth Group LLC now owns 2,874 shares of the company’s stock valued at $276,000 after buying an additional 120 shares during the period. 80.16% of the stock is currently owned by institutional investors.

iShares Russell Mid-Cap ETF Stock Up 2.6%

IWR stock opened at $101.78 on Friday. iShares Russell Mid-Cap ETF has a twelve month low of $73.17 and a twelve month high of $101.91. The stock has a market capitalization of $48.68 billion, a price-to-earnings ratio of 21.00 and a beta of 1.06. The firm’s fifty day simple moving average is $98.63 and its two-hundred day simple moving average is $96.54.

iShares Russell Mid-Cap ETF Company 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. 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.