Johnson Financial Group Inc. Raises Stake in iShares Russell Mid-Cap ETF $IWR

Johnson Financial Group Inc. lifted its stake in iShares Russell Mid-Cap ETF (NYSEARCA:IWR) by 42.7% during the first quarter, HoldingsChannel reports. The firm owned 79,331 shares of the company’s stock after purchasing an additional 23,722 shares during the period. Johnson Financial Group Inc.’s holdings in iShares Russell Mid-Cap ETF were worth $7,713,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its position in 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 buying an additional 4,145,765 shares during the period. Wells Fargo & Company MN raised its stake in shares of 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 valued at $4,013,120,000 after acquiring an additional 1,438,369 shares in the last quarter. Morgan Stanley raised its stake in shares of 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 valued at $1,039,501,000 after acquiring an additional 460,088 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of iShares Russell Mid-Cap ETF by 7.6% in 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 period. Finally, Northern Trust Corp grew its stake in iShares Russell Mid-Cap ETF by 5.4% in the fourth quarter. Northern Trust Corp now owns 10,331,591 shares of the company’s stock worth $994,622,000 after purchasing an additional 526,956 shares in the last quarter. Institutional investors own 80.16% of the company’s stock.

iShares Russell Mid-Cap ETF Stock Down 0.5%

IWR opened at $108.78 on Tuesday. The stock’s fifty day moving average is $107.89 and its two-hundred day moving average is $103.18. The company has a market capitalization of $56.47 billion, a P/E ratio of 21.00 and a beta of 1.00. iShares Russell Mid-Cap ETF has a 52 week low of $91.36 and a 52 week high of $111.43.

iShares Russell Mid-Cap ETF Company 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.