RKL Wealth Management LLC Makes New Investment in iShares Russell Mid-Cap ETF $IWR

RKL Wealth Management LLC purchased a new position in iShares Russell Mid-Cap ETF (NYSEARCA:IWR) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 9,893 shares of the company’s stock, valued at approximately $1,056,000.

Other large investors also recently added to or reduced their stakes in the company. Baird Financial Group Inc. lifted its holdings in iShares Russell Mid-Cap ETF by 18.8% during the second quarter. Baird Financial Group Inc. now owns 10,660,298 shares of the company’s stock valued at $1,176,044,000 after purchasing an additional 1,690,390 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of iShares Russell Mid-Cap ETF by 0.7% in the second quarter. Envestnet Asset Management Inc. now owns 4,500,690 shares of the company’s stock valued at $496,505,000 after purchasing an additional 29,329 shares during the period. AMG National Trust Bank grew its position in shares of iShares Russell Mid-Cap ETF by 2.0% in the first quarter. AMG National Trust Bank now owns 3,889,097 shares of the company’s stock valued at $378,137,000 after purchasing an additional 77,476 shares during the period. Fifth Third Bancorp grew its position in shares of iShares Russell Mid-Cap ETF by 25.7% in the first quarter. Fifth Third Bancorp now owns 2,547,979 shares of the company’s stock valued at $247,740,000 after purchasing an additional 521,709 shares during the period. Finally, Glenview Trust Co grew its position in shares of iShares Russell Mid-Cap ETF by 3.4% in the first quarter. Glenview Trust Co now owns 1,350,641 shares of the company’s stock valued at $131,323,000 after purchasing an additional 44,178 shares during the period. 80.16% of the stock is currently owned by institutional investors and hedge funds.

iShares Russell Mid-Cap ETF Stock Performance

Shares of IWR stock traded down $1.07 on Friday, reaching $108.50. 1,447,060 shares of the company were exchanged, compared to its average volume of 2,198,600. The company has a market cap of $56.14 billion, a price-to-earnings ratio of 21.00 and a beta of 1.00. The business has a 50-day moving average price of $110.49 and a 200 day moving average price of $107.89. iShares Russell Mid-Cap ETF has a 1 year low of $91.64 and a 1 year high of $114.97.

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.