RKL Wealth Management LLC Buys New Stake in iShares Russell Mid-Cap ETF $IWR

RKL Wealth Management LLC purchased a new position in shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,893 shares of the company’s stock, valued at approximately $1,056,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Baird Financial Group Inc. increased its holdings in iShares Russell Mid-Cap ETF by 18.8% in the second 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. Envestnet Asset Management Inc. boosted its stake in shares of iShares Russell Mid-Cap ETF by 0.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,500,690 shares of the company’s stock worth $496,505,000 after acquiring an additional 29,329 shares in the last quarter. AMG National Trust Bank boosted its stake in shares of iShares Russell Mid-Cap ETF by 2.0% during the 1st quarter. AMG National Trust Bank now owns 3,889,097 shares of the company’s stock worth $378,137,000 after acquiring an additional 77,476 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of iShares Russell Mid-Cap ETF by 25.7% during the 1st quarter. Fifth Third Bancorp now owns 2,547,979 shares of the company’s stock worth $247,740,000 after acquiring an additional 521,709 shares in the last quarter. Finally, Glenview Trust Co grew its position in shares of iShares Russell Mid-Cap ETF by 3.4% during the 1st quarter. Glenview Trust Co now owns 1,350,641 shares of the company’s stock valued at $131,323,000 after acquiring an additional 44,178 shares during the period. 80.16% of the stock is owned by hedge funds and other institutional investors.

iShares Russell Mid-Cap ETF Stock Performance

Shares of iShares Russell Mid-Cap ETF stock traded down $1.07 on Friday, hitting $108.50. The company’s stock had a trading volume of 1,447,060 shares, compared to its average volume of 2,198,600. iShares Russell Mid-Cap ETF has a 1 year low of $91.64 and a 1 year high of $114.97. The firm has a fifty day moving average price of $110.49 and a 200-day moving average price of $107.89. The company has a market capitalization of $56.14 billion, a price-to-earnings ratio of 21.00 and a beta of 1.00.

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.