Chesapeake Wealth Management Reduces Position in iShares Russell Mid-Cap ETF (NYSEARCA:IWR)

Chesapeake Wealth Management reduced its position in shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR) by 6.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 60,739 shares of the company’s stock after selling 4,010 shares during the quarter. iShares Russell Mid-Cap ETF makes up about 1.8% of Chesapeake Wealth Management’s holdings, making the stock its 13th biggest holding. Chesapeake Wealth Management’s holdings in iShares Russell Mid-Cap ETF were worth $4,925,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. AE Wealth Management LLC lifted its stake in iShares Russell Mid-Cap ETF by 2.1% in the second quarter. AE Wealth Management LLC now owns 501,030 shares of the company’s stock worth $40,624,000 after acquiring an additional 10,155 shares during the period. King Luther Capital Management Corp increased its position in shares of iShares Russell Mid-Cap ETF by 5.3% during the second quarter. King Luther Capital Management Corp now owns 7,948 shares of the company’s stock valued at $644,000 after buying an additional 400 shares during the period. Bridges Investment Management Inc. increased its position in shares of iShares Russell Mid-Cap ETF by 222.2% during the second quarter. Bridges Investment Management Inc. now owns 149,369 shares of the company’s stock valued at $12,111,000 after buying an additional 103,008 shares during the period. GM Advisory Group LLC bought a new position in iShares Russell Mid-Cap ETF in the second quarter worth about $868,000. Finally, LJI Wealth Management LLC lifted its holdings in iShares Russell Mid-Cap ETF by 2.8% in the second quarter. LJI Wealth Management LLC now owns 145,519 shares of the company’s stock worth $11,799,000 after buying an additional 3,972 shares during the period.

iShares Russell Mid-Cap ETF Stock Performance

iShares Russell Mid-Cap ETF stock opened at $87.53 on Friday. iShares Russell Mid-Cap ETF has a fifty-two week low of $64.66 and a fifty-two week high of $88.28. The stock has a market cap of $36.16 billion, a price-to-earnings ratio of 20.27 and a beta of 1.02. The stock’s 50 day simple moving average is $84.41 and its two-hundred day simple moving average is $82.57.

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.