Grove Bank & Trust Reduces Holdings in iShares Russell Mid-Cap ETF $IWR

Grove Bank & Trust decreased its position in shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR) by 16.5% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 23,310 shares of the company’s stock after selling 4,600 shares during the period. Grove Bank & Trust’s holdings in iShares Russell Mid-Cap ETF were worth $2,572,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in IWR. Roxbury Financial LLC boosted its position in iShares Russell Mid-Cap ETF by 12.3% in the 2nd quarter. Roxbury Financial LLC now owns 893 shares of the company’s stock valued at $99,000 after buying an additional 98 shares during the last quarter. Asset Management Group Inc. lifted its stake in shares of iShares Russell Mid-Cap ETF by 0.3% in the first quarter. Asset Management Group Inc. now owns 39,600 shares of the company’s stock worth $3,850,000 after acquiring an additional 102 shares in the last quarter. Axis Wealth Partners LLC lifted its stake in shares of iShares Russell Mid-Cap ETF by 1.7% in the first quarter. Axis Wealth Partners LLC now owns 6,282 shares of the company’s stock worth $611,000 after acquiring an additional 108 shares in the last quarter. Farmers National Bank boosted its holdings in iShares Russell Mid-Cap ETF by 0.6% in the first quarter. Farmers National Bank now owns 20,278 shares of the company’s stock valued at $1,972,000 after purchasing an additional 118 shares during the last quarter. Finally, Walled Lake Planning & Wealth Management LLC grew its stake in iShares Russell Mid-Cap ETF by 1.6% during the 4th quarter. Walled Lake Planning & Wealth Management LLC now owns 7,751 shares of the company’s stock valued at $746,000 after purchasing an additional 119 shares in the last quarter. Institutional investors and hedge funds own 80.16% of the company’s stock.

iShares Russell Mid-Cap ETF Stock Up 1.7%

Shares of IWR opened at $112.93 on Wednesday. The firm has a market cap of $57.28 billion, a price-to-earnings ratio of 21.00 and a beta of 1.00. The business’s 50 day moving average is $109.03 and its two-hundred day moving average is $104.05. iShares Russell Mid-Cap ETF has a 52-week low of $91.64 and a 52-week high of $113.08.

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.