Grandfield & Dodd LLC Makes New Investment in iShares Russell Mid-Cap ETF (NYSEARCA:IWR)

Grandfield & Dodd LLC purchased a new stake in shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR) during the first quarter, Holdings Channel reports. The fund purchased 2,675 shares of the company’s stock, valued at approximately $228,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Cullen Frost Bankers Inc. increased its position in iShares Russell Mid-Cap ETF by 0.3% in the 1st quarter. Cullen Frost Bankers Inc. now owns 48,931 shares of the company’s stock valued at $4,163,000 after acquiring an additional 124 shares during the period. Segall Bryant & Hamill LLC acquired a new stake in iShares Russell Mid-Cap ETF in the first quarter valued at $1,056,000. Bryn Mawr Capital Management LLC bought a new position in iShares Russell Mid-Cap ETF during the 1st quarter worth $1,623,000. Bridgewater Advisors Inc. acquired a new position in iShares Russell Mid-Cap ETF during the 1st quarter worth about $364,000. Finally, Wealthfront Advisers LLC increased its stake in shares of iShares Russell Mid-Cap ETF by 2.8% in the first quarter. Wealthfront Advisers LLC now owns 22,067 shares of the company’s stock valued at $1,877,000 after buying an additional 611 shares during the period. 80.16% of the stock is currently owned by institutional investors.

iShares Russell Mid-Cap ETF Price Performance

iShares Russell Mid-Cap ETF stock opened at $92.73 on Thursday. The firm has a market cap of $42.52 billion, a P/E ratio of 21.00 and a beta of 1.09. The stock’s 50 day moving average is $90.45 and its 200 day moving average is $88.12. iShares Russell Mid-Cap ETF has a one year low of $73.17 and a one year high of $96.01.

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.