Meridian Wealth Management LLC Buys 6,373 Shares of iShares Russell Mid-Cap ETF $IWR

Meridian Wealth Management LLC boosted its stake in shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR) by 31.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,608 shares of the company’s stock after purchasing an additional 6,373 shares during the period. Meridian Wealth Management LLC’s holdings in iShares Russell Mid-Cap ETF were worth $2,562,000 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 stock. Piscataqua Savings Bank lifted its position in iShares Russell Mid-Cap ETF by 11.1% during the fourth quarter. Piscataqua Savings Bank now owns 1,000 shares of the company’s stock valued at $96,000 after purchasing an additional 100 shares during the period. Welch & Forbes LLC raised its position in iShares Russell Mid-Cap ETF by 0.5% in the third quarter. Welch & Forbes LLC now owns 22,832 shares of the company’s stock worth $2,204,000 after acquiring an additional 105 shares during the period. Hollencrest Capital Management raised its position in iShares Russell Mid-Cap ETF by 1.7% in the third quarter. Hollencrest Capital Management now owns 6,226 shares of the company’s stock worth $601,000 after acquiring an additional 106 shares during the period. Cornerstone Wealth Management LLC raised its position in iShares Russell Mid-Cap ETF by 0.5% in the third quarter. Cornerstone Wealth Management LLC now owns 21,223 shares of the company’s stock worth $2,049,000 after acquiring an additional 114 shares during the period. Finally, Objectivity Squared LLC raised its position in iShares Russell Mid-Cap ETF by 3.7% in the third quarter. Objectivity Squared LLC now owns 3,304 shares of the company’s stock worth $319,000 after acquiring an additional 117 shares during the period. Institutional investors own 80.16% of the company’s stock.

iShares Russell Mid-Cap ETF Trading Down 0.5%

IWR opened at $104.97 on Wednesday. iShares Russell Mid-Cap ETF has a 1-year low of $86.89 and a 1-year high of $106.43. The company has a market capitalization of $52.80 billion, a PE ratio of 21.00 and a beta of 1.01. The firm’s 50 day simple moving average is $100.75 and its two-hundred day simple moving average is $99.11.

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.