M3 Wealth Management LLC Makes New $506,000 Investment in iShares Russell Mid-Cap ETF $IWR

M3 Wealth Management LLC bought a new position in shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,255 shares of the company’s stock, valued at approximately $506,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Piscataqua Savings Bank grew its holdings in iShares Russell Mid-Cap ETF by 11.1% during the 4th quarter. Piscataqua Savings Bank now owns 1,000 shares of the company’s stock valued at $96,000 after buying an additional 100 shares in the last quarter. Welch & Forbes LLC grew its holdings in iShares Russell Mid-Cap ETF by 0.5% during the 3rd quarter. Welch & Forbes LLC now owns 22,832 shares of the company’s stock valued at $2,204,000 after buying an additional 105 shares in the last quarter. Hollencrest Capital Management boosted its stake in iShares Russell Mid-Cap ETF by 1.7% during the third quarter. Hollencrest Capital Management now owns 6,226 shares of the company’s stock valued at $601,000 after buying an additional 106 shares during the last quarter. Cornerstone Wealth Management LLC grew its holdings in iShares Russell Mid-Cap ETF by 0.5% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 21,223 shares of the company’s stock valued at $2,049,000 after buying an additional 114 shares in the last quarter. Finally, Objectivity Squared LLC grew its holdings in iShares Russell Mid-Cap ETF by 3.7% during the 3rd quarter. Objectivity Squared LLC now owns 3,304 shares of the company’s stock valued at $319,000 after buying an additional 117 shares in the last quarter. Institutional investors own 80.16% of the company’s stock.

iShares Russell Mid-Cap ETF Stock Performance

IWR stock opened at $106.90 on Wednesday. The firm has a fifty day moving average price of $101.73 and a 200 day moving average price of $99.73. iShares Russell Mid-Cap ETF has a fifty-two week low of $87.68 and a fifty-two week high of $107.26. The firm has a market cap of $53.77 billion, a PE ratio of 21.00 and a beta of 1.01.

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. 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.