iShares Russell Mid-Cap ETF $IWR Shares Newly Acquired by Philadelphia Trust Co.

Philadelphia Trust Co. bought a new stake in iShares Russell Mid-Cap ETF (NYSEARCA:IWR) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 13,913 shares of the company’s stock, valued at approximately $1,485,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. AMG National Trust Bank acquired a new position in iShares Russell Mid-Cap ETF during the third quarter worth about $420,742,000. Baird Financial Group Inc. grew its stake in iShares Russell Mid-Cap ETF by 18.8% during 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 acquiring an additional 1,690,390 shares in the last quarter. Keybank National Association OH acquired a new stake in iShares Russell Mid-Cap ETF in the 3rd quarter valued at about $162,899,000. Oakworth Capital Inc. acquired a new stake in iShares Russell Mid-Cap ETF in the 3rd quarter valued at about $132,849,000. Finally, Lido Advisors LLC acquired a new stake in iShares Russell Mid-Cap ETF in the 3rd quarter valued at about $106,134,000. 80.16% of the stock is owned by hedge funds and other institutional investors.

iShares Russell Mid-Cap ETF Price Performance

IWR opened at $110.59 on Wednesday. The firm has a market capitalization of $58.32 billion, a price-to-earnings ratio of 20.27 and a beta of 1.00. The company’s 50 day simple moving average is $109.37 and its two-hundred day simple moving average is $106.33. iShares Russell Mid-Cap ETF has a 1-year low of $91.64 and a 1-year high of $114.97.

iShares Russell Mid-Cap ETF 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.