Lavelle Capital LP Makes New $2.15 Million Investment in iShares Russell Mid-Cap ETF $IWR

Lavelle Capital LP acquired a new stake in iShares Russell Mid-Cap ETF (NYSEARCA:IWR) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 22,163 shares of the company’s stock, valued at approximately $2,155,000. iShares Russell Mid-Cap ETF makes up about 1.3% of Lavelle Capital LP’s holdings, making the stock its 13th largest holding.

Other hedge funds have also recently made changes to their positions in the company. NFSG Corp increased its position in shares of iShares Russell Mid-Cap ETF by 93.1% during the first quarter. NFSG Corp now owns 280 shares of the company’s stock worth $27,000 after acquiring an additional 135 shares in the last quarter. HFM Investment Advisors LLC bought a new position in iShares Russell Mid-Cap ETF in the 4th quarter valued at about $28,000. Frazier Financial Advisors LLC bought a new position in iShares Russell Mid-Cap ETF in the 1st quarter valued at about $31,000. Reflection Asset Management acquired a new position in iShares Russell Mid-Cap ETF during the 4th quarter valued at about $33,000. Finally, Scarborough Advisors LLC acquired a new position in iShares Russell Mid-Cap ETF during the 1st quarter valued at about $38,000. 80.16% of the stock is currently owned by institutional investors and hedge funds.

iShares Russell Mid-Cap ETF Stock Performance

Shares of IWR opened at $109.69 on Friday. The stock has a 50 day moving average price of $108.81 and a two-hundred day moving average price of $103.86. The firm has a market capitalization of $55.61 billion, a P/E ratio of 21.00 and a beta of 1.00. iShares Russell Mid-Cap ETF has a 52 week low of $91.36 and a 52 week high of $111.43.

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.