iShares Russell Mid-Cap ETF (NYSEARCA:IWR) Stock Cross Above 50-Day Moving Average – Here’s What Happened

iShares Russell Mid-Cap ETF (NYSEARCA:IWR)’s share price passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $109.39 and traded as high as $111.31. iShares Russell Mid-Cap ETF shares last traded at $110.74, with a volume of 6,022,284 shares.

iShares Russell Mid-Cap ETF Trading Up 2.7%

The company has a market cap of $58.40 billion, a P/E ratio of 20.27 and a beta of 1.00. The business’s 50 day simple moving average is $109.39 and its 200 day simple moving average is $106.28.

Institutional Trading of iShares Russell Mid-Cap ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. AMG National Trust Bank bought a new stake in shares of iShares Russell Mid-Cap ETF during the 3rd quarter valued at $420,742,000. Baird Financial Group Inc. lifted its stake in shares of iShares Russell Mid-Cap ETF by 18.8% during the 2nd quarter. Baird Financial Group Inc. now owns 10,660,298 shares of the company’s stock valued at $1,176,044,000 after buying an additional 1,690,390 shares in the last quarter. Keybank National Association OH bought a new position in iShares Russell Mid-Cap ETF in the 3rd quarter worth $162,899,000. Oakworth Capital Inc. bought a new position in iShares Russell Mid-Cap ETF in the 3rd quarter worth $132,849,000. Finally, Lido Advisors LLC bought a new position in iShares Russell Mid-Cap ETF in the 3rd quarter worth $106,134,000. 80.16% of the stock is owned by hedge funds and other institutional investors.

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. 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.