iShares Russell Mid-Cap ETF $IWR Shares Bought by Phillips Financial Management LLC

Phillips Financial Management LLC boosted its holdings in shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR) by 2.7% in the second quarter, HoldingsChannel.com reports. The fund owned 37,514 shares of the company’s stock after buying an additional 1,000 shares during the quarter. Phillips Financial Management LLC’s holdings in iShares Russell Mid-Cap ETF were worth $3,450,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Riggs Asset Managment Co. Inc. acquired a new position in shares of iShares Russell Mid-Cap ETF in the first quarter valued at approximately $28,000. Advantage Trust Co acquired a new position in shares of iShares Russell Mid-Cap ETF in the second quarter valued at approximately $28,000. N.E.W. Advisory Services LLC acquired a new position in shares of iShares Russell Mid-Cap ETF in the first quarter valued at approximately $30,000. Rossby Financial LCC acquired a new position in shares of iShares Russell Mid-Cap ETF in the first quarter valued at approximately $31,000. Finally, Physician Wealth Advisors Inc. acquired a new position in shares of iShares Russell Mid-Cap ETF in the first quarter valued at approximately $36,000. Institutional investors and hedge funds own 80.16% of the company’s stock.

iShares Russell Mid-Cap ETF Price Performance

NYSEARCA:IWR opened at $96.80 on Wednesday. iShares Russell Mid-Cap ETF has a 1-year low of $73.17 and a 1-year high of $97.80. The firm has a 50 day simple moving average of $95.95 and a 200-day simple moving average of $91.24. The firm has a market cap of $45.25 billion, a PE ratio of 21.00 and a beta of 1.09.

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.