Principal Financial Group Inc. Sells 255,612 Shares of iShares Russell Mid-Cap ETF $IWR

Principal Financial Group Inc. cut its stake in iShares Russell Mid-Cap ETF (NYSEARCA:IWR) by 55.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 203,641 shares of the company’s stock after selling 255,612 shares during the period. Principal Financial Group Inc.’s holdings in iShares Russell Mid-Cap ETF were worth $19,800,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. HFM Investment Advisors LLC purchased a new stake in iShares Russell Mid-Cap ETF during the fourth quarter valued at about $28,000. Reflection Asset Management bought a new stake in iShares Russell Mid-Cap ETF during the fourth quarter worth about $33,000. Commonwealth Retirement Investments LLC bought a new stake in iShares Russell Mid-Cap ETF during the fourth quarter worth about $41,000. TD Capital Management LLC purchased a new position in shares of iShares Russell Mid-Cap ETF in the 4th quarter worth about $42,000. Finally, Dorato Capital Management purchased a new position in shares of iShares Russell Mid-Cap ETF in the 4th quarter worth about $43,000. 80.16% of the stock is currently owned by hedge funds and other institutional investors.

iShares Russell Mid-Cap ETF Trading Up 0.5%

Shares of iShares Russell Mid-Cap ETF stock opened at $109.32 on Wednesday. The firm has a market capitalization of $56.75 billion, a PE ratio of 21.00 and a beta of 1.00. The business’s 50-day moving average price is $107.97 and its 200-day moving average price is $103.27. iShares Russell Mid-Cap ETF has a 12 month low of $91.36 and a 12 month 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.