Sunbeam Capital Management LLC Purchases New Position in iShares Russell Mid-Cap ETF (NYSEARCA:IWR)

Sunbeam Capital Management LLC acquired a new position in iShares Russell Mid-Cap ETF (NYSEARCA:IWR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,752 shares of the company’s stock, valued at approximately $1,127,000. iShares Russell Mid-Cap ETF makes up about 2.4% of Sunbeam Capital Management LLC’s investment portfolio, making the stock its 11th largest holding.

Several other hedge funds have also bought and sold shares of IWR. Newbridge Financial Services Group Inc. purchased a new stake in iShares Russell Mid-Cap ETF during the 4th quarter worth approximately $25,000. Roxbury Financial LLC acquired a new stake in shares of iShares Russell Mid-Cap ETF in the fourth quarter worth approximately $25,000. Fairscale Capital LLC purchased a new stake in shares of iShares Russell Mid-Cap ETF during the fourth quarter worth approximately $27,000. WR Wealth Planners LLC increased its position in shares of iShares Russell Mid-Cap ETF by 392.0% during the fourth quarter. WR Wealth Planners LLC now owns 369 shares of the company’s stock worth $33,000 after purchasing an additional 294 shares in the last quarter. Finally, Bank of Jackson Hole Trust acquired a new position in iShares Russell Mid-Cap ETF in the 4th quarter valued at $36,000.

iShares Russell Mid-Cap ETF Stock Performance

Shares of IWR stock opened at $87.70 on Friday. iShares Russell Mid-Cap ETF has a fifty-two week low of $73.17 and a fifty-two week high of $96.01. The stock’s fifty day moving average is $84.14 and its two-hundred day moving average is $88.54. The firm has a market capitalization of $40.10 billion, a P/E ratio of 19.36 and a beta of 1.06.

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.