Novus Advisors LLC Makes New $360,000 Investment in iShares Russell Mid-Cap ETF (NYSEARCA:IWR)

Novus Advisors LLC bought a new position in iShares Russell Mid-Cap ETF (NYSEARCA:IWR) in the fourth quarter, Holdings Channel reports. The institutional investor bought 4,073 shares of the company’s stock, valued at approximately $360,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Roxbury Financial LLC acquired a new stake in shares of iShares Russell Mid-Cap ETF during the 4th quarter worth about $25,000. Legacy Investment Solutions LLC purchased a new position in iShares Russell Mid-Cap ETF during the 3rd quarter valued at about $26,000. Newbridge Financial Services Group Inc. purchased a new position in iShares Russell Mid-Cap ETF during the 4th quarter valued at about $25,000. First Pacific Financial purchased a new position in iShares Russell Mid-Cap ETF during the 4th quarter valued at about $27,000. Finally, Hoese & Co LLP purchased a new position in iShares Russell Mid-Cap ETF during the 4th quarter valued at about $32,000.

iShares Russell Mid-Cap ETF Price Performance

Shares of iShares Russell Mid-Cap ETF stock opened at $86.12 on Friday. The business has a 50-day moving average of $90.51 and a 200 day moving average of $89.74. iShares Russell Mid-Cap ETF has a 12 month low of $78.36 and a 12 month high of $96.00. The stock has a market capitalization of $37.48 billion, a price-to-earnings ratio of 21.79 and a beta of 1.12.

About iShares Russell Mid-Cap ETF

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.