Sowell Financial Services LLC Makes New Investment in iShares Russell Mid-Cap ETF $IWR

Sowell Financial Services LLC bought a new position in iShares Russell Mid-Cap ETF (NYSEARCA:IWR) during the 3rd quarter, Holdings Channel reports. The fund bought 34,543 shares of the company’s stock, valued at approximately $3,686,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IWR. Baird Financial Group Inc. lifted its position in iShares Russell Mid-Cap ETF by 18.8% during the 2nd quarter. Baird Financial Group Inc. now owns 10,660,298 shares of the company’s stock worth $1,176,044,000 after acquiring an additional 1,690,390 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of iShares Russell Mid-Cap ETF by 0.7% in the second quarter. Envestnet Asset Management Inc. now owns 4,500,690 shares of the company’s stock valued at $496,505,000 after purchasing an additional 29,329 shares during the last quarter. AMG National Trust Bank grew its position in shares of iShares Russell Mid-Cap ETF by 2.0% in the first quarter. AMG National Trust Bank now owns 3,889,097 shares of the company’s stock valued at $378,137,000 after purchasing an additional 77,476 shares during the last quarter. Fifth Third Bancorp grew its position in shares of iShares Russell Mid-Cap ETF by 25.7% in the first quarter. Fifth Third Bancorp now owns 2,547,979 shares of the company’s stock valued at $247,740,000 after purchasing an additional 521,709 shares during the last quarter. Finally, Glenview Trust Co increased its stake in shares of iShares Russell Mid-Cap ETF by 3.4% in the first quarter. Glenview Trust Co now owns 1,350,641 shares of the company’s stock worth $131,323,000 after purchasing an additional 44,178 shares during the period. Institutional investors and hedge funds own 80.16% of the company’s stock.

iShares Russell Mid-Cap ETF Stock Performance

iShares Russell Mid-Cap ETF stock opened at $110.17 on Thursday. The business’s 50-day simple moving average is $110.25 and its 200-day simple moving average is $108.22. The firm has a market capitalization of $57.17 billion, a PE ratio of 21.00 and a beta of 1.00. 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.