iShares Russell Mid-Cap ETF (NYSEARCA:IWR) Sees Large Volume Increase – Here’s Why

iShares Russell Mid-Cap ETF (NYSEARCA:IWR) saw unusually-high trading volume on Friday . Approximately 2,495,857 shares traded hands during mid-day trading, an increase of 80% from the previous session’s volume of 1,388,312 shares.The stock last traded at $84.88 and had previously closed at $86.06.

iShares Russell Mid-Cap ETF Price Performance

The firm has a market capitalization of $37.80 billion, a P/E ratio of 20.81 and a beta of 1.13. The firm has a 50-day moving average price of $89.48 and a two-hundred day moving average price of $89.75.

Institutional Trading of iShares Russell Mid-Cap ETF

A number of large investors have recently modified their holdings of IWR. Summit Investment Advisory Services LLC boosted its stake in shares of iShares Russell Mid-Cap ETF by 2.1% during the fourth quarter. Summit Investment Advisory Services LLC now owns 7,688 shares of the company’s stock valued at $680,000 after purchasing an additional 161 shares in the last quarter. Brookstone Capital Management bought a new stake in iShares Russell Mid-Cap ETF during the 4th quarter valued at $268,000. Hilltop Holdings Inc. increased its holdings in shares of iShares Russell Mid-Cap ETF by 1.9% in the 3rd quarter. Hilltop Holdings Inc. now owns 33,376 shares of the company’s stock valued at $2,942,000 after acquiring an additional 608 shares during the period. FMR LLC increased its holdings in shares of iShares Russell Mid-Cap ETF by 2.2% in the 3rd quarter. FMR LLC now owns 2,872,877 shares of the company’s stock valued at $253,215,000 after acquiring an additional 63,048 shares during the period. Finally, Synovus Financial Corp raised its position in shares of iShares Russell Mid-Cap ETF by 0.5% in the 3rd quarter. Synovus Financial Corp now owns 1,041,917 shares of the company’s stock worth $91,835,000 after acquiring an additional 5,247 shares in the last quarter.

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.