Farmers & Merchants Investments Inc. Increases Holdings in iShares Russell Mid-Cap ETF (NYSEARCA:IWR)

Farmers & Merchants Investments Inc. raised its holdings in iShares Russell Mid-Cap ETF (NYSEARCA:IWR) by 4.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 44,222 shares of the company’s stock after buying an additional 1,990 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in iShares Russell Mid-Cap ETF were worth $3,909,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of IWR. JPMorgan Chase & Co. boosted its position in iShares Russell Mid-Cap ETF by 2.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,059,914 shares of the company’s stock valued at $622,261,000 after acquiring an additional 198,719 shares in the last quarter. FMR LLC boosted its position in shares of iShares Russell Mid-Cap ETF by 2.2% during the third quarter. FMR LLC now owns 2,872,877 shares of the company’s stock valued at $253,215,000 after purchasing an additional 63,048 shares in the last quarter. Raymond James & Associates grew its stake in iShares Russell Mid-Cap ETF by 2.6% in the third quarter. Raymond James & Associates now owns 1,454,215 shares of the company’s stock worth $128,175,000 after purchasing an additional 36,255 shares during the period. Oakworth Capital Inc. lifted its position in iShares Russell Mid-Cap ETF by 1.9% during the 4th quarter. Oakworth Capital Inc. now owns 1,113,122 shares of the company’s stock valued at $98,400,000 after acquiring an additional 20,237 shares during the period. Finally, Synovus Financial Corp boosted its stake in iShares Russell Mid-Cap ETF by 0.5% during the third quarter. Synovus Financial Corp now owns 1,041,917 shares of the company’s stock worth $91,835,000 after acquiring an additional 5,247 shares in the last quarter.

iShares Russell Mid-Cap ETF Stock Performance

Shares of NYSEARCA IWR opened at $92.16 on Friday. The company has a 50 day simple moving average of $91.19 and a two-hundred day simple moving average of $88.76. iShares Russell Mid-Cap ETF has a fifty-two week low of $77.04 and a fifty-two week high of $96.00. The company has a market capitalization of $38.07 billion, a price-to-earnings ratio of 20.27 and a beta of 1.02.

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.