iShares Russell Mid-Cap ETF (NYSEARCA:IWR – Get Free Report) crossed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $109.39 and traded as high as $111.31. iShares Russell Mid-Cap ETF shares last traded at $110.74, with a volume of 6,022,284 shares trading hands.
iShares Russell Mid-Cap ETF Trading Up 2.7%
The company’s 50 day moving average price is $109.39 and its two-hundred day moving average price is $106.28. The stock has a market cap of $58.40 billion, a P/E ratio of 20.27 and a beta of 1.00.
Institutional Trading of iShares Russell Mid-Cap ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. LJI Wealth Management LLC lifted its position in iShares Russell Mid-Cap ETF by 2.8% during the third quarter. LJI Wealth Management LLC now owns 198,047 shares of the company’s stock valued at $21,134,000 after purchasing an additional 5,460 shares in the last quarter. Steph & Co. purchased a new stake in iShares Russell Mid-Cap ETF in the third quarter worth about $11,870,000. Brookstone Capital Management purchased a new stake in iShares Russell Mid-Cap ETF in the third quarter worth about $673,000. Whitener Capital Management Inc. raised its stake in shares of iShares Russell Mid-Cap ETF by 120.5% in the second quarter. Whitener Capital Management Inc. now owns 9,199 shares of the company’s stock worth $1,015,000 after buying an additional 5,027 shares during the period. Finally, Montgomery Financial Services LLC bought a new position in shares of iShares Russell Mid-Cap ETF in the second quarter worth about $1,670,000. 80.16% of the stock is owned by hedge funds and other institutional investors.
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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