Parthenon LLC Makes New Investment in iShares Russell Mid-Cap ETF $IWR

Parthenon LLC acquired a new position in shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 9,243 shares of the company’s stock, valued at approximately $986,000.

Several other hedge funds also recently made changes to their positions in IWR. Howland Capital Management LLC purchased a new position in iShares Russell Mid-Cap ETF during the third quarter worth about $306,000. Brookstone Capital Management acquired a new stake in iShares Russell Mid-Cap ETF in the third quarter valued at about $673,000. Culbertson A N & Co. Inc. purchased a new stake in iShares Russell Mid-Cap ETF in the 3rd quarter valued at approximately $17,520,000. NBT Bank N.A. purchased a new stake in iShares Russell Mid-Cap ETF in the 3rd quarter valued at approximately $1,332,000. Finally, Lmcg Investments LLC purchased a new stake in iShares Russell Mid-Cap ETF in the 3rd quarter valued at approximately $542,000. Institutional investors and hedge funds own 80.16% of the company’s stock.

iShares Russell Mid-Cap ETF Price Performance

NYSEARCA IWR traded down $0.50 on Friday, hitting $109.47. 1,576,885 shares of the company’s stock were exchanged, compared to its average volume of 2,181,179. The firm’s 50-day moving average price is $110.04 and its two-hundred day moving average price is $108.31. iShares Russell Mid-Cap ETF has a fifty-two week low of $91.64 and a fifty-two week high of $114.97. The firm has a market cap of $56.92 billion, a price-to-earnings ratio of 21.00 and a beta of 1.00.

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.