Krane Financial Solutions LLC Takes Position in iShares Russell Mid-Cap ETF $IWR

by · The Markets Daily

Krane Financial Solutions LLC bought a new stake in iShares Russell Mid-Cap ETF (NYSEARCA:IWR – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 132,678 shares of the company’s stock, valued at approximately $12,900,000. iShares Russell Mid-Cap ETF makes up 8.8% of Krane Financial Solutions LLC’s holdings, making the stock its 3rd biggest position.

A number of other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE raised its position in iShares Russell Mid-Cap ETF by 6.6% during the fourth quarter. Bank of America Corp DE now owns 66,569,630 shares of the company’s stock worth $6,408,658,000 after acquiring an additional 4,145,765 shares in the last quarter. Wells Fargo & Company MN lifted its stake in iShares Russell Mid-Cap ETF by 3.6% in the fourth quarter. Wells Fargo & Company MN now owns 41,686,088 shares of the company’s stock valued at $4,013,120,000 after acquiring an additional 1,438,369 shares during the last quarter. Royal Bank of Canada grew its position in shares of iShares Russell Mid-Cap ETF by 12.9% in the 4th quarter. Royal Bank of Canada now owns 7,911,910 shares of the company’s stock valued at $761,679,000 after acquiring an additional 905,157 shares during the period. Bank of New York Mellon Corp grew its position 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 acquiring an additional 756,994 shares during the period. Finally, Northern Trust Corp increased its stake in shares of iShares Russell Mid-Cap ETF by 5.4% during the 4th quarter. Northern Trust Corp now owns 10,331,591 shares of the company’s stock worth $994,622,000 after purchasing an additional 526,956 shares during the last quarter. 80.16% of the stock is currently owned by institutional investors and hedge funds.

iShares Russell Mid-Cap ETF Stock Performance

Shares of IWR stock opened at $109.69 on Friday. The firm’s 50-day moving average is $108.81 and its 200-day moving average is $103.86. The stock has a market cap of $55.61 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 $91.36 and a 52-week high of $111.43.

iShares Russell Mid-Cap ETF Company Profile

(Free Report)

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.

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