iShares Russell Mid-Cap ETF (NYSEARCA:IWR) Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its holdings in shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR) by 58.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,919 shares of the company’s stock after selling 15,562 shares during the period. Rhumbline Advisers’ holdings in iShares Russell Mid-Cap ETF were worth $885,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. LifeSteps Financial Inc. acquired a new stake in iShares Russell Mid-Cap ETF during the first quarter valued at approximately $25,000. Paladin Advisory Group LLC acquired a new stake in shares of iShares Russell Mid-Cap ETF during the second quarter valued at approximately $27,000. Future Financial Wealth Managment LLC acquired a new stake in shares of iShares Russell Mid-Cap ETF during the first quarter valued at approximately $29,000. Financial Synergies Wealth Advisors Inc. raised its holdings in shares of iShares Russell Mid-Cap ETF by 120.9% during the first quarter. Financial Synergies Wealth Advisors Inc. now owns 380 shares of the company’s stock valued at $32,000 after acquiring an additional 208 shares during the period. Finally, Sage Mountain Advisors LLC raised its holdings in shares of iShares Russell Mid-Cap ETF by 50.9% during the second quarter. Sage Mountain Advisors LLC now owns 403 shares of the company’s stock valued at $33,000 after acquiring an additional 136 shares during the period.

iShares Russell Mid-Cap ETF Price Performance

IWR stock opened at $88.03 on Tuesday. iShares Russell Mid-Cap ETF has a 52-week low of $64.66 and a 52-week high of $88.28. The company’s 50 day simple moving average is $84.50 and its 200-day simple moving average is $82.63. The firm has a market capitalization of $36.37 billion, a P/E ratio of 20.27 and a beta of 1.02.

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.