SHP Wealth Management Takes Position in iShares Russell Mid-Cap ETF $IWR

SHP Wealth Management bought a new stake in iShares Russell Mid-Cap ETF (NYSEARCA:IWR) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,050 shares of the company’s stock, valued at approximately $583,000.

A number of other hedge funds have also made changes to their positions in the stock. HFM Investment Advisors LLC acquired a new position in iShares Russell Mid-Cap ETF in the 4th quarter valued at approximately $28,000. KERR FINANCIAL PLANNING Corp purchased a new stake in iShares Russell Mid-Cap ETF in the 3rd quarter worth approximately $32,000. Reflection Asset Management acquired a new stake in shares of iShares Russell Mid-Cap ETF during the 4th quarter valued at $33,000. Commonwealth Retirement Investments LLC acquired a new stake in shares of iShares Russell Mid-Cap ETF during the 4th quarter valued at $41,000. Finally, TD Capital Management LLC acquired a new stake in shares of iShares Russell Mid-Cap ETF during the 4th quarter valued at $42,000. 80.16% of the stock is owned by hedge funds and other institutional investors.

iShares Russell Mid-Cap ETF Price Performance

iShares Russell Mid-Cap ETF stock opened at $108.54 on Friday. iShares Russell Mid-Cap ETF has a 12 month low of $88.83 and a 12 month high of $110.22. The stock has a market cap of $54.60 billion, a P/E ratio of 21.00 and a beta of 1.00. The company’s fifty day simple moving average is $105.34 and its 200-day simple moving average is $101.31.

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.