Citizens Business Bank Increases Position in iShares Russell Mid-Cap ETF $IWR

Citizens Business Bank raised its position in shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR) by 1.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 651,577 shares of the company’s stock after purchasing an additional 6,458 shares during the period. iShares Russell Mid-Cap ETF comprises 10.7% of Citizens Business Bank’s portfolio, making the stock its biggest position. Citizens Business Bank owned 0.14% of iShares Russell Mid-Cap ETF worth $62,910,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Welch & Forbes LLC increased its stake in shares of iShares Russell Mid-Cap ETF by 0.5% during the third quarter. Welch & Forbes LLC now owns 22,832 shares of the company’s stock valued at $2,204,000 after buying an additional 105 shares during the period. Hollencrest Capital Management grew its holdings in iShares Russell Mid-Cap ETF by 1.7% during the 3rd quarter. Hollencrest Capital Management now owns 6,226 shares of the company’s stock worth $601,000 after acquiring an additional 106 shares in the last quarter. Meridian Wealth Management LLC grew its holdings in iShares Russell Mid-Cap ETF by 0.5% during the 2nd quarter. Meridian Wealth Management LLC now owns 20,962 shares of the company’s stock worth $1,928,000 after acquiring an additional 112 shares in the last quarter. Cornerstone Wealth Management LLC increased its position in iShares Russell Mid-Cap ETF by 0.5% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 21,223 shares of the company’s stock valued at $2,049,000 after purchasing an additional 114 shares during the period. Finally, Objectivity Squared LLC raised its holdings in shares of iShares Russell Mid-Cap ETF by 3.7% in the 3rd quarter. Objectivity Squared LLC now owns 3,304 shares of the company’s stock valued at $319,000 after purchasing an additional 117 shares in the last quarter. 80.16% of the stock is currently owned by hedge funds and other institutional investors.

iShares Russell Mid-Cap ETF Stock Performance

Shares of IWR opened at $102.63 on Thursday. The company has a 50 day moving average price of $99.91 and a 200-day moving average price of $97.27. iShares Russell Mid-Cap ETF has a fifty-two week low of $73.17 and a fifty-two week high of $103.38. The stock has a market capitalization of $49.08 billion, a PE ratio of 21.00 and a beta of 1.06.

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.