D.A. Davidson & CO. purchased a new position in iShares Russell Mid-Cap ETF (NYSEARCA:IWR – Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 330,194 shares of the company’s stock, valued at approximately $35,235,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Baird Financial Group Inc. lifted its stake in shares of iShares Russell Mid-Cap ETF by 18.8% in the 2nd quarter. Baird Financial Group Inc. now owns 10,660,298 shares of the company’s stock valued at $1,176,044,000 after purchasing an additional 1,690,390 shares during the last quarter. Oakworth Capital Inc. purchased a new position in shares of iShares Russell Mid-Cap ETF in the 3rd quarter worth approximately $132,849,000. Performa Ltd US LLC increased its position in shares of iShares Russell Mid-Cap ETF by 465.1% during the 2nd quarter. Performa Ltd US LLC now owns 1,124,020 shares of the company’s stock valued at $124,002,000 after purchasing an additional 925,119 shares during the last quarter. Fifth Third Bancorp increased its position in shares of iShares Russell Mid-Cap ETF by 25.7% during the 1st quarter. Fifth Third Bancorp now owns 2,547,979 shares of the company’s stock valued at $247,740,000 after purchasing an additional 521,709 shares during the last quarter. Finally, Albion Financial Group UT purchased a new stake in iShares Russell Mid-Cap ETF during the 3rd quarter valued at $51,057,000. 80.16% of the stock is currently owned by hedge funds and other institutional investors.
iShares Russell Mid-Cap ETF Stock Performance
NYSEARCA:IWR opened at $110.42 on Thursday. The firm has a market capitalization of $57.47 billion, a PE ratio of 21.00 and a beta of 1.00. The stock’s fifty day moving average is $109.88 and its 200 day moving average is $105.89. iShares Russell Mid-Cap ETF has a fifty-two week low of $91.64 and a fifty-two week high of $114.97.
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. 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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