Pinnacle Financial Partners Inc Acquires 6,781 Shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR)

Pinnacle Financial Partners Inc boosted its holdings in shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR) by 14.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,617 shares of the company’s stock after purchasing an additional 6,781 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in iShares Russell Mid-Cap ETF were worth $4,814,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Cambridge Trust Co. increased its holdings in shares of iShares Russell Mid-Cap ETF by 2.8% during the 1st quarter. Cambridge Trust Co. now owns 8,344 shares of the company’s stock worth $702,000 after purchasing an additional 224 shares during the period. LRI Investments LLC acquired a new position in iShares Russell Mid-Cap ETF in the 1st quarter valued at approximately $120,000. Gradient Investments LLC lifted its position in shares of iShares Russell Mid-Cap ETF by 358.6% in the 2nd quarter. Gradient Investments LLC now owns 12,414 shares of the company’s stock worth $1,007,000 after acquiring an additional 9,707 shares during the period. Motiv8 Investments LLC grew its holdings in shares of iShares Russell Mid-Cap ETF by 9.4% during the 2nd quarter. Motiv8 Investments LLC now owns 30,329 shares of the company’s stock worth $2,459,000 after purchasing an additional 2,609 shares in the last quarter. Finally, LPL Financial LLC increased its position in shares of iShares Russell Mid-Cap ETF by 2.8% during the second quarter. LPL Financial LLC now owns 3,130,891 shares of the company’s stock valued at $253,853,000 after purchasing an additional 84,394 shares during the period.

iShares Russell Mid-Cap ETF Stock Performance

Shares of IWR stock opened at $92.62 on Thursday. The firm has a fifty day moving average of $88.06 and a 200-day moving average of $84.46. iShares Russell Mid-Cap ETF has a 52-week low of $69.74 and a 52-week high of $93.85. The stock has a market cap of $38.26 billion, a price-to-earnings ratio of 20.27 and a beta of 1.02.

iShares Russell Mid-Cap ETF Company 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.