Manchester Capital Management LLC Makes New Investment in iShares Russell Mid-Cap ETF $IWR

Manchester Capital Management LLC purchased a new position in iShares Russell Mid-Cap ETF (NYSEARCA:IWR) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 19,568 shares of the company’s stock, valued at approximately $2,088,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Baird Financial Group Inc. increased its holdings in shares of iShares Russell Mid-Cap ETF by 18.8% in the second quarter. Baird Financial Group Inc. now owns 10,660,298 shares of the company’s stock worth $1,176,044,000 after purchasing an additional 1,690,390 shares during the last quarter. Performa Ltd US LLC lifted its position in shares of iShares Russell Mid-Cap ETF by 465.1% in the second quarter. Performa Ltd US LLC now owns 1,124,020 shares of the company’s stock worth $124,002,000 after buying an additional 925,119 shares in the last quarter. Fifth Third Bancorp boosted its stake in iShares Russell Mid-Cap ETF by 25.7% during the first quarter. Fifth Third Bancorp now owns 2,547,979 shares of the company’s stock valued at $247,740,000 after buying an additional 521,709 shares during the last quarter. Albion Financial Group UT bought a new position in iShares Russell Mid-Cap ETF during the third quarter valued at approximately $51,057,000. Finally, Coastline Trust Co purchased a new position in iShares Russell Mid-Cap ETF during the 3rd quarter valued at approximately $29,787,000. Institutional investors own 80.16% of the company’s stock.

iShares Russell Mid-Cap ETF Price Performance

NYSEARCA IWR opened at $109.47 on Friday. iShares Russell Mid-Cap ETF has a 1-year low of $91.64 and a 1-year high of $114.97. The business has a 50 day simple moving average of $110.04 and a two-hundred day simple moving average of $108.31. The stock has a market capitalization of $56.92 billion, a PE ratio of 21.00 and a beta of 1.00.

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.