GGM Financials LLC Acquires 5,872 Shares of iShares Russell Mid-Cap ETF $IWR

GGM Financials LLC increased its holdings in shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR) by 4.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 137,704 shares of the company’s stock after purchasing an additional 5,872 shares during the period. iShares Russell Mid-Cap ETF accounts for about 6.7% of GGM Financials LLC’s holdings, making the stock its 4th biggest holding. GGM Financials LLC’s holdings in iShares Russell Mid-Cap ETF were worth $13,295,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in IWR. HHM Wealth Advisors LLC acquired a new position in shares of iShares Russell Mid-Cap ETF during the second quarter worth about $29,000. Traub Capital Management LLC acquired a new stake in shares of iShares Russell Mid-Cap ETF in the second quarter valued at about $37,000. Legacy Investment Solutions LLC purchased a new stake in shares of iShares Russell Mid-Cap ETF during the 2nd quarter valued at about $38,000. Smartleaf Asset Management LLC lifted its position in iShares Russell Mid-Cap ETF by 192.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 400 shares of the company’s stock worth $39,000 after acquiring an additional 263 shares in the last quarter. Finally, Financial Gravity Companies Inc. acquired a new position in shares of iShares Russell Mid-Cap ETF during the second quarter worth $47,000. 80.16% of the stock is currently owned by institutional investors and hedge funds.

iShares Russell Mid-Cap ETF Price Performance

NYSEARCA:IWR opened at $102.38 on Wednesday. The firm has a 50-day moving average of $99.78 and a two-hundred day moving average of $97.23. The stock has a market cap of $48.96 billion, a P/E ratio of 21.00 and a beta of 1.06. iShares Russell Mid-Cap ETF has a 1-year low of $73.17 and a 1-year high of $103.38.

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. 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.