Summit Investment Advisory Services LLC Trims Holdings in iShares Russell Mid-Cap ETF $IWR

Summit Investment Advisory Services LLC lessened its stake in iShares Russell Mid-Cap ETF (NYSEARCA:IWR) by 51.6% in the third quarter, Holdings Channel reports. The institutional investor owned 7,691 shares of the company’s stock after selling 8,209 shares during the quarter. Summit Investment Advisory Services LLC’s holdings in iShares Russell Mid-Cap ETF were worth $707,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its holdings in iShares Russell Mid-Cap ETF by 23.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 9,899,322 shares of the company’s stock worth $910,441,000 after acquiring an additional 1,880,984 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of iShares Russell Mid-Cap ETF by 186.3% during the second quarter. BNP Paribas Financial Markets now owns 764,638 shares of the company’s stock worth $70,324,000 after purchasing an additional 497,601 shares during the last quarter. Creative Planning grew its stake in iShares Russell Mid-Cap ETF by 35.9% in the second quarter. Creative Planning now owns 930,420 shares of the company’s stock worth $85,571,000 after purchasing an additional 245,879 shares in the last quarter. Laurel Wealth Advisors LLC increased its holdings in iShares Russell Mid-Cap ETF by 9,097.0% in the second quarter. Laurel Wealth Advisors LLC now owns 192,586 shares of the company’s stock valued at $17,712,000 after buying an additional 190,492 shares during the last quarter. Finally, Twin Tree Management LP increased its holdings in iShares Russell Mid-Cap ETF by 150.1% in the second quarter. Twin Tree Management LP now owns 56,615 shares of the company’s stock valued at $5,207,000 after buying an additional 169,595 shares during the last quarter. 80.16% of the stock is owned by institutional investors and hedge funds.

iShares Russell Mid-Cap ETF Stock Up 0.1%

Shares of NYSEARCA IWR opened at $100.52 on Wednesday. The stock’s 50 day moving average price is $97.79 and its two-hundred day moving average price is $96.20. iShares Russell Mid-Cap ETF has a 52-week low of $73.17 and a 52-week high of $101.73. The stock has a market capitalization of $48.03 billion, a P/E ratio of 21.00 and a beta of 1.06.

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.