First Citizens Bank & Trust Co. Purchases New Stake in iShares Russell Mid-Cap ETF $IWR

First Citizens Bank & Trust Co. acquired a new stake in shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 152,617 shares of the company’s stock, valued at approximately $16,286,000.

A number of other large investors have also added to or reduced their stakes in the stock. Steph & Co. purchased a new stake in iShares Russell Mid-Cap ETF during the third quarter valued at $11,870,000. Whitener Capital Management Inc. lifted its holdings in iShares Russell Mid-Cap ETF by 120.5% in the second quarter. Whitener Capital Management Inc. now owns 9,199 shares of the company’s stock valued at $1,015,000 after acquiring an additional 5,027 shares during the period. Focus Partners Wealth boosted its position in iShares Russell Mid-Cap ETF by 6.9% in the fourth quarter. Focus Partners Wealth now owns 501,958 shares of the company’s stock worth $48,325,000 after purchasing an additional 32,367 shares during the last quarter. Montgomery Financial Services LLC purchased a new position in iShares Russell Mid-Cap ETF in the second quarter worth about $1,670,000. Finally, Rare Wolf Capital LLC bought a new stake in shares of iShares Russell Mid-Cap ETF during the 4th quarter valued at about $1,073,000. Hedge funds and other institutional investors own 80.16% of the company’s stock.

iShares Russell Mid-Cap ETF Trading Up 0.1%

Shares of NYSEARCA IWR opened at $109.59 on Wednesday. The firm has a 50 day moving average of $110.71 and a 200 day moving average of $107.70. The firm has a market capitalization of $56.65 billion, a price-to-earnings ratio of 21.00 and a beta of 1.00. iShares Russell Mid-Cap ETF has a 12-month low of $91.64 and a 12-month high of $114.97.

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. 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.