Merit Financial Group LLC Has $2.26 Million Stake in iShares Russell Mid-Cap ETF $IWR

Merit Financial Group LLC cut its position in shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR) by 19.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,396 shares of the company’s stock after selling 5,767 shares during the quarter. Merit Financial Group LLC’s holdings in iShares Russell Mid-Cap ETF were worth $2,259,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Founders Financial Alliance LLC grew its holdings in iShares Russell Mid-Cap ETF by 66.0% during the 3rd quarter. Founders Financial Alliance LLC now owns 4,248 shares of the company’s stock worth $410,000 after acquiring an additional 1,689 shares during the period. Glenview Trust Co boosted its position in shares of iShares Russell Mid-Cap ETF by 0.3% during the 3rd quarter. Glenview Trust Co now owns 1,289,642 shares of the company’s stock valued at $124,515,000 after purchasing an additional 4,043 shares in the last quarter. JPMorgan Chase & Co. grew its stake in iShares Russell Mid-Cap ETF by 0.7% during the third quarter. JPMorgan Chase & Co. now owns 6,623,770 shares of the company’s stock worth $639,525,000 after purchasing an additional 47,842 shares during the period. ADE LLC acquired a new stake in iShares Russell Mid-Cap ETF during the third quarter worth approximately $344,000. Finally, Vista Capital Partners Inc. bought a new stake in iShares Russell Mid-Cap ETF in the third quarter worth approximately $705,000. Institutional investors own 80.16% of the company’s stock.

iShares Russell Mid-Cap ETF Stock Performance

Shares of IWR opened at $97.32 on Friday. The firm has a market cap of $45.65 billion, a PE ratio of 21.00 and a beta of 1.06. iShares Russell Mid-Cap ETF has a 52-week low of $73.17 and a 52-week high of $99.12. The business’s 50 day moving average price is $96.15 and its two-hundred day moving average price is $95.20.

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.