Prime Capital Investment Advisors LLC purchased a new position in shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,837 shares of the company’s stock, valued at approximately $261,000.
Several other hedge funds also recently added to or reduced their stakes in IWR. Bank of New York Mellon Corp raised its position in shares of iShares Russell Mid-Cap ETF by 3.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 211,015 shares of the company’s stock worth $46,529,000 after buying an additional 7,172 shares in the last quarter. BlackRock Inc. raised its position in shares of iShares Russell Mid-Cap ETF by 12.9% during the 3rd quarter. BlackRock Inc. now owns 97,923 shares of the company’s stock worth $21,592,000 after buying an additional 11,187 shares in the last quarter. Glenmede Trust Co. NA bought a new stake in shares of iShares Russell Mid-Cap ETF during the 3rd quarter worth about $2,699,000. B. Riley Wealth Management Inc. bought a new stake in shares of iShares Russell Mid-Cap ETF during the 3rd quarter worth about $4,325,000. Finally, Garde Capital Inc. raised its position in shares of iShares Russell Mid-Cap ETF by 300.0% during the 3rd quarter. Garde Capital Inc. now owns 9,648 shares of the company’s stock worth $493,000 after buying an additional 7,236 shares in the last quarter.
IWR stock opened at $55.56 on Wednesday. iShares Russell Mid-Cap ETF has a 52 week low of $43.64 and a 52 week high of $56.23.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, March 21st were issued a $0.1848 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.33%.
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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.
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