First Bancorp Inc ME Makes New Investment in iShares Russell Mid-Cap ETF $IWR

First Bancorp Inc ME purchased a new position in iShares Russell Mid-Cap ETF (NYSEARCA:IWR) during the 2nd quarter, Holdings Channel reports. The fund purchased 7,386 shares of the company’s stock, valued at approximately $815,000.

Other large investors also recently added to or reduced their stakes in the company. Midwest Trust Co raised its holdings in shares of iShares Russell Mid-Cap ETF by 7.0% in the fourth quarter. Midwest Trust Co now owns 81,049 shares of the company’s stock valued at $7,803,000 after acquiring an additional 5,305 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of iShares Russell Mid-Cap ETF by 7.6% in the 4th 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 in the last quarter. Three Bridge Wealth Advisors LLC lifted its position in shares of iShares Russell Mid-Cap ETF by 4.4% in the 4th quarter. Three Bridge Wealth Advisors LLC now owns 136,318 shares of the company’s stock worth $13,123,000 after purchasing an additional 5,756 shares during the period. Atlantic Union Bankshares Corp lifted its position in shares of iShares Russell Mid-Cap ETF by 1.6% in the 4th quarter. Atlantic Union Bankshares Corp now owns 891,214 shares of the company’s stock worth $85,797,000 after purchasing an additional 13,680 shares during the period. Finally, LJI Wealth Management LLC boosted its stake in shares of iShares Russell Mid-Cap ETF by 13.2% during the fourth quarter. LJI Wealth Management LLC now owns 181,266 shares of the company’s stock valued at $17,450,000 after purchasing an additional 21,187 shares in the last quarter. 80.16% of the stock is owned by hedge funds and other institutional investors.

iShares Russell Mid-Cap ETF Stock Down 0.1%

Shares of NYSEARCA:IWR opened at $112.94 on Wednesday. The company has a market capitalization of $57.28 billion, a price-to-earnings ratio of 21.00 and a beta of 1.00. iShares Russell Mid-Cap ETF has a 52 week low of $91.64 and a 52 week high of $114.97. The firm has a 50 day moving average of $110.77 and a 200 day moving average of $105.43.

About iShares Russell Mid-Cap ETF

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.