PNC Financial Services Group Inc. Has $1.23 Billion Position in iShares Russell Mid-Cap ETF $IWR

PNC Financial Services Group Inc. cut its holdings in iShares Russell Mid-Cap ETF (NYSEARCA:IWR) by 1.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,747,480 shares of the company’s stock after selling 150,373 shares during the quarter. iShares Russell Mid-Cap ETF comprises 0.7% of PNC Financial Services Group Inc.’s portfolio, making the stock its 20th largest position. PNC Financial Services Group Inc.’s holdings in iShares Russell Mid-Cap ETF were worth $1,230,769,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Advantage Trust Co acquired a new position in shares of iShares Russell Mid-Cap ETF in the 2nd quarter valued at $28,000. HHM Wealth Advisors LLC bought a new stake in iShares Russell Mid-Cap ETF in the second quarter valued at about $29,000. Traub Capital Management LLC acquired a new position in iShares Russell Mid-Cap ETF in the second quarter valued at about $37,000. Smartleaf Asset Management LLC boosted its holdings 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 buying an additional 263 shares during the last quarter. Finally, Legacy Investment Solutions LLC bought a new position in iShares Russell Mid-Cap ETF during the second quarter worth about $38,000. Institutional investors own 80.16% of the company’s stock.

iShares Russell Mid-Cap ETF Price Performance

iShares Russell Mid-Cap ETF stock opened at $101.72 on Friday. The firm has a market capitalization of $48.65 billion, a price-to-earnings ratio of 21.00 and a beta of 1.06. The company’s 50 day simple moving average is $99.14 and its 200 day simple moving average is $96.78. iShares Russell Mid-Cap ETF has a fifty-two week low of $73.17 and a fifty-two week high of $103.29.

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.