Dickmeyer Boyce Financial Management Inc. Takes $6.52 Million Position in iShares Russell Mid-Cap ETF $IWR

Dickmeyer Boyce Financial Management Inc. bought a new stake in iShares Russell Mid-Cap ETF (NYSEARCA:IWR) in the first quarter, Holdings Channel.com reports. The institutional investor bought 67,057 shares of the company’s stock, valued at approximately $6,520,000. iShares Russell Mid-Cap ETF makes up approximately 3.8% of Dickmeyer Boyce Financial Management Inc.’s portfolio, making the stock its 4th biggest position.

A number of other institutional investors have also added to or reduced their stakes in IWR. Piscataqua Savings Bank boosted its holdings in iShares Russell Mid-Cap ETF by 11.1% in the fourth quarter. Piscataqua Savings Bank now owns 1,000 shares of the company’s stock worth $96,000 after acquiring an additional 100 shares in the last quarter. Axis Wealth Partners LLC increased its holdings in shares of iShares Russell Mid-Cap ETF by 1.7% during the first quarter. Axis Wealth Partners LLC now owns 6,282 shares of the company’s stock valued at $611,000 after acquiring an additional 108 shares in the last quarter. Walled Lake Planning & Wealth Management LLC raised its position in shares of iShares Russell Mid-Cap ETF by 1.6% during the fourth quarter. Walled Lake Planning & Wealth Management LLC now owns 7,751 shares of the company’s stock worth $746,000 after purchasing an additional 119 shares during the period. Asset Management Group Inc. raised its position in shares of iShares Russell Mid-Cap ETF by 0.3% during the fourth quarter. Asset Management Group Inc. now owns 39,498 shares of the company’s stock worth $3,802,000 after purchasing an additional 124 shares during the period. Finally, Welch Group LLC lifted its holdings in shares of iShares Russell Mid-Cap ETF by 5.4% in the 4th quarter. Welch Group LLC now owns 2,447 shares of the company’s stock worth $236,000 after purchasing an additional 126 shares in the last quarter. 80.16% of the stock is owned by institutional investors and hedge funds.

iShares Russell Mid-Cap ETF Stock Down 0.3%

Shares of IWR opened at $108.85 on Friday. The business’s fifty day moving average is $108.14 and its 200 day moving average is $103.44. iShares Russell Mid-Cap ETF has a 12-month low of $91.36 and a 12-month high of $111.43. The stock has a market cap of $55.51 billion, a P/E ratio of 21.00 and a beta of 1.00.

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.