Steph & Co. Has $10.88 Million Stock Holdings in iShares Russell Mid-Cap ETF $IWR

Steph & Co. cut its holdings in iShares Russell Mid-Cap ETF (NYSEARCA:IWR) by 15.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 111,846 shares of the company’s stock after selling 19,734 shares during the period. iShares Russell Mid-Cap ETF comprises approximately 3.1% of Steph & Co.’s investment portfolio, making the stock its 5th biggest holding. Steph & Co.’s holdings in iShares Russell Mid-Cap ETF were worth $10,875,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Bank of America Corp DE grew its holdings in shares of iShares Russell Mid-Cap ETF by 6.6% in the 4th quarter. Bank of America Corp DE now owns 66,569,630 shares of the company’s stock valued at $6,408,658,000 after acquiring an additional 4,145,765 shares in the last quarter. Wells Fargo & Company MN raised its holdings in iShares Russell Mid-Cap ETF by 3.6% during the fourth quarter. Wells Fargo & Company MN now owns 41,686,088 shares of the company’s stock worth $4,013,120,000 after acquiring an additional 1,438,369 shares in the last quarter. Morgan Stanley raised its holdings in iShares Russell Mid-Cap ETF by 4.5% during the fourth quarter. Morgan Stanley now owns 10,797,769 shares of the company’s stock worth $1,039,501,000 after acquiring an additional 460,088 shares in the last quarter. Bank of New York Mellon Corp boosted its position in iShares Russell Mid-Cap ETF by 7.6% during the fourth quarter. Bank of New York Mellon Corp now owns 10,779,440 shares of the company’s stock valued at $1,037,737,000 after purchasing an additional 756,994 shares during the last quarter. Finally, Northern Trust Corp boosted its position in iShares Russell Mid-Cap ETF by 5.4% during the fourth quarter. Northern Trust Corp now owns 10,331,591 shares of the company’s stock valued at $994,622,000 after purchasing an additional 526,956 shares during the last quarter. Institutional investors and hedge funds own 80.16% of the company’s stock.

iShares Russell Mid-Cap ETF Stock Down 1.2%

NYSEARCA:IWR opened at $107.84 on Wednesday. The firm has a market capitalization of $54.24 billion, a price-to-earnings ratio of 21.00 and a beta of 1.00. iShares Russell Mid-Cap ETF has a twelve month low of $90.47 and a twelve month high of $110.22. The stock’s 50 day moving average price is $105.64 and its two-hundred day moving average price is $101.52.

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.