SHP Wealth Management Purchases New Position in iShares Russell Mid-Cap ETF $IWR

SHP Wealth Management acquired a new position in iShares Russell Mid-Cap ETF (NYSEARCA:IWR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,050 shares of the company’s stock, valued at approximately $583,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Reflection Asset Management bought a new stake in iShares Russell Mid-Cap ETF in the fourth quarter worth approximately $33,000. TD Capital Management LLC bought a new position in shares of iShares Russell Mid-Cap ETF during the 4th quarter valued at $42,000. Tempo Wealth LLC acquired a new stake in shares of iShares Russell Mid-Cap ETF in the 4th quarter valued at $216,000. Westshore Wealth LLC lifted its stake in shares of iShares Russell Mid-Cap ETF by 1.8% in the 4th quarter. Westshore Wealth LLC now owns 68,470 shares of the company’s stock valued at $6,592,000 after purchasing an additional 1,204 shares during the last quarter. Finally, MidFirst Bank bought a new stake in iShares Russell Mid-Cap ETF in the fourth quarter worth $1,239,000. Institutional investors and hedge funds own 80.16% of the company’s stock.

iShares Russell Mid-Cap ETF Price Performance

iShares Russell Mid-Cap ETF stock opened at $108.54 on Friday. The company has a market capitalization of $54.60 billion, a price-to-earnings ratio of 21.00 and a beta of 1.00. iShares Russell Mid-Cap ETF has a one year low of $88.83 and a one year high of $110.22. The company’s fifty day moving average price is $105.34 and its two-hundred day moving average price is $101.31.

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.