Forvis Mazars Wealth Advisors LLC Makes New $1.85 Million Investment in iShares Russell Mid-Cap ETF $IWR

Forvis Mazars Wealth Advisors LLC purchased a new stake in iShares Russell Mid-Cap ETF (NYSEARCA:IWR) during the third quarter, Holdings Channel reports. The institutional investor purchased 17,331 shares of the company’s stock, valued at approximately $1,849,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NFSG Corp raised its position in iShares Russell Mid-Cap ETF by 93.1% during the first quarter. NFSG Corp now owns 280 shares of the company’s stock worth $27,000 after acquiring an additional 135 shares during the period. Frazier Financial Advisors LLC purchased a new position in iShares Russell Mid-Cap ETF during the first quarter valued at $31,000. Reflection Asset Management purchased a new position in iShares Russell Mid-Cap ETF during the fourth quarter valued at $33,000. Scarborough Advisors LLC purchased a new position in iShares Russell Mid-Cap ETF during the first quarter valued at $38,000. Finally, Tucker Asset Management LLC grew its position in shares of iShares Russell Mid-Cap ETF by 234.6% in the second quarter. Tucker Asset Management LLC now owns 358 shares of the company’s stock valued at $39,000 after purchasing an additional 251 shares during the period. Hedge funds and other institutional investors own 80.16% of the company’s stock.

iShares Russell Mid-Cap ETF Stock Up 0.1%

Shares of NYSEARCA IWR opened at $109.59 on Wednesday. The firm has a market cap of $56.65 billion, a price-to-earnings ratio of 21.00 and a beta of 1.00. The company’s 50-day simple moving average is $110.71 and its 200-day simple moving average is $107.70. iShares Russell Mid-Cap ETF has a 52-week low of $91.64 and a 52-week high of $114.97.

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.