29,904 Shares in iShares Russell Mid-Cap ETF $IWR Purchased by Valmark Advisers Inc.

Valmark Advisers Inc. bought a new stake in shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 29,904 shares of the company’s stock, valued at approximately $3,191,000.

Several other institutional investors and hedge funds also recently made changes to their positions in IWR. Carl P. Sherr & Co. LLC grew its holdings in iShares Russell Mid-Cap ETF by 2.8% during the 3rd quarter. Carl P. Sherr & Co. LLC now owns 58,276 shares of the company’s stock worth $6,219,000 after acquiring an additional 1,597 shares in the last quarter. Marble Harbor Investment Counsel LLC acquired a new stake in shares of iShares Russell Mid-Cap ETF in the 3rd quarter valued at about $330,000. Allworth Financial LP raised its stake in shares of iShares Russell Mid-Cap ETF by 6.7% in the 3rd quarter. Allworth Financial LP now owns 26,355 shares of the company’s stock valued at $2,907,000 after purchasing an additional 1,660 shares in the last quarter. Legacy Trust lifted its position in shares of iShares Russell Mid-Cap ETF by 8.5% during the third quarter. Legacy Trust now owns 48,380 shares of the company’s stock worth $5,323,000 after purchasing an additional 3,810 shares during the last quarter. Finally, CENTRAL TRUST Co acquired a new position in iShares Russell Mid-Cap ETF in the third quarter worth about $1,212,000. 80.16% of the stock is currently owned by hedge funds and other institutional investors.

iShares Russell Mid-Cap ETF Price Performance

NYSEARCA:IWR traded down $0.01 during mid-day trading on Friday, reaching $110.50. The stock had a trading volume of 998,284 shares, compared to its average volume of 2,254,862. The company has a market capitalization of $58.63 billion, a price-to-earnings ratio of 20.27 and a beta of 1.00. iShares Russell Mid-Cap ETF has a 1-year low of $91.64 and a 1-year high of $114.97. The stock’s 50 day simple moving average is $109.35 and its two-hundred day simple moving average is $106.48.

iShares Russell Mid-Cap ETF Company 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.