iShares Russell Mid-Cap ETF (NYSEARCA:IWR) Sees Strong Trading Volume – Here’s Why

iShares Russell Mid-Cap ETF (NYSEARCA:IWR) saw strong trading volume on Tuesday. Approximately 3,693,712 shares changed hands during mid-day trading, an increase of 69% from the average daily volume of 2,186,766 shares. The stock last traded at $110.2230 and had previously closed at $110.03.

iShares Russell Mid-Cap ETF Price Performance

The firm has a fifty day moving average of $110.10 and a two-hundred day moving average of $105.73. The stock has a market capitalization of $57.23 billion, a P/E ratio of 21.00 and a beta of 1.00.

Institutional Investors Weigh In On iShares Russell Mid-Cap ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Roxbury Financial LLC raised its holdings in shares of iShares Russell Mid-Cap ETF by 12.3% in the 2nd quarter. Roxbury Financial LLC now owns 893 shares of the company’s stock valued at $99,000 after purchasing an additional 98 shares in the last quarter. Asset Management Group Inc. lifted its stake in shares of iShares Russell Mid-Cap ETF by 0.3% during the 1st quarter. Asset Management Group Inc. now owns 39,600 shares of the company’s stock worth $3,850,000 after purchasing an additional 102 shares during the period. Axis Wealth Partners LLC lifted its holdings in shares of iShares Russell Mid-Cap ETF by 1.7% during the 1st quarter. Axis Wealth Partners LLC now owns 6,282 shares of the company’s stock valued at $611,000 after acquiring an additional 108 shares in the last quarter. Hickory Point Bank & Trust increased its holdings in iShares Russell Mid-Cap ETF by 5.8% in the third quarter. Hickory Point Bank & Trust now owns 2,111 shares of the company’s stock valued at $225,000 after buying an additional 115 shares during the last quarter. Finally, Farmers National Bank boosted its stake in iShares Russell Mid-Cap ETF by 0.6% during the 1st quarter. Farmers National Bank now owns 20,278 shares of the company’s stock valued at $1,972,000 after purchasing an additional 118 shares during the period. 80.16% of the stock is currently owned by institutional investors and hedge funds.

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.