Cahaba Wealth Management Inc. Has $5.25 Million Position in iShares Russell Mid-Cap ETF (NYSEARCA:IWR)

Cahaba Wealth Management Inc. decreased its holdings in iShares Russell Mid-Cap ETF (NYSEARCA:IWR) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 59,409 shares of the company’s stock after selling 498 shares during the quarter. iShares Russell Mid-Cap ETF accounts for approximately 0.4% of Cahaba Wealth Management Inc.’s holdings, making the stock its 22nd biggest holding. Cahaba Wealth Management Inc.’s holdings in iShares Russell Mid-Cap ETF were worth $5,252,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IWR. Newbridge Financial Services Group Inc. acquired a new position in iShares Russell Mid-Cap ETF in the fourth quarter worth about $25,000. Roxbury Financial LLC acquired a new stake in iShares Russell Mid-Cap ETF during the fourth quarter valued at approximately $25,000. First Pacific Financial bought a new stake in shares of iShares Russell Mid-Cap ETF in the 4th quarter valued at approximately $27,000. Fairscale Capital LLC acquired a new position in shares of iShares Russell Mid-Cap ETF in the 4th quarter worth approximately $27,000. Finally, Hoese & Co LLP bought a new position in shares of iShares Russell Mid-Cap ETF during the 4th quarter worth approximately $32,000.

iShares Russell Mid-Cap ETF Price Performance

Shares of IWR stock opened at $79.64 on Monday. The stock’s fifty day simple moving average is $86.46 and its 200 day simple moving average is $89.23. iShares Russell Mid-Cap ETF has a one year low of $73.17 and a one year high of $96.01. The firm has a market cap of $36.34 billion, a price-to-earnings ratio of 19.09 and a beta of 1.07.

iShares Russell Mid-Cap ETF 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.