M3 Wealth Management LLC Buys New Stake in iShares Russell Mid-Cap ETF $IWR

M3 Wealth Management LLC bought a new stake in iShares Russell Mid-Cap ETF (NYSEARCA:IWR) in the fourth quarter, HoldingsChannel.com reports. The fund bought 5,255 shares of the company’s stock, valued at approximately $506,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of IWR. Brighton Jones LLC grew its holdings in shares of iShares Russell Mid-Cap ETF by 4.2% in the fourth quarter. Brighton Jones LLC now owns 104,524 shares of the company’s stock valued at $9,240,000 after purchasing an additional 4,189 shares in the last quarter. Revolve Wealth Partners LLC purchased a new position in shares of iShares Russell Mid-Cap ETF in the fourth quarter valued at $323,000. Quantbot Technologies LP purchased a new position in shares of iShares Russell Mid-Cap ETF in the second quarter valued at $64,000. Qube Research & Technologies Ltd boosted its stake in iShares Russell Mid-Cap ETF by 581.4% during the second quarter. Qube Research & Technologies Ltd now owns 9,253 shares of the company’s stock worth $851,000 after buying an additional 7,895 shares during the period. Finally, Ieq Capital LLC boosted its stake in iShares Russell Mid-Cap ETF by 2.6% during the second quarter. Ieq Capital LLC now owns 86,647 shares of the company’s stock worth $7,969,000 after buying an additional 2,199 shares during the period. 80.16% of the stock is owned by hedge funds and other institutional investors.

iShares Russell Mid-Cap ETF Stock Up 0.9%

NYSEARCA IWR opened at $106.90 on Wednesday. The company has a fifty day moving average of $101.73 and a two-hundred day moving average of $99.73. The firm has a market capitalization of $53.77 billion, a price-to-earnings ratio of 21.00 and a beta of 1.01. iShares Russell Mid-Cap ETF has a 52 week low of $87.68 and a 52 week high of $107.26.

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.