CIBC Bancorp USA Inc. Takes Position in iShares Russell Mid-Cap ETF $IWR

CIBC Bancorp USA Inc. purchased a new position in shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,957,723 shares of the company’s stock, valued at approximately $285,568,000. iShares Russell Mid-Cap ETF comprises approximately 1.0% of CIBC Bancorp USA Inc.’s holdings, making the stock its 17th biggest position.

Several other institutional investors and hedge funds have also made changes to their positions in the business. HHM Wealth Advisors LLC purchased a new position in iShares Russell Mid-Cap ETF during the 2nd quarter valued at about $29,000. Traub Capital Management LLC acquired a new position in iShares Russell Mid-Cap ETF during the second quarter worth about $37,000. Smartleaf Asset Management LLC raised its position in iShares Russell Mid-Cap ETF by 192.0% during the third quarter. Smartleaf Asset Management LLC now owns 400 shares of the company’s stock worth $39,000 after acquiring an additional 263 shares during the last quarter. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of iShares Russell Mid-Cap ETF in the third quarter valued at about $47,000. Finally, Cornerstone Planning Group LLC purchased a new stake in shares of iShares Russell Mid-Cap ETF in the third quarter valued at about $55,000. 80.16% of the stock is currently owned by hedge funds and other institutional investors.

iShares Russell Mid-Cap ETF Price Performance

Shares of IWR opened at $98.53 on Wednesday. The firm has a 50 day simple moving average of $100.66 and a 200-day simple moving average of $97.81. iShares Russell Mid-Cap ETF has a 1-year low of $73.17 and a 1-year high of $103.53. The stock has a market cap of $47.12 billion, a price-to-earnings ratio of 21.00 and a beta of 1.06.

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. 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.