Edgemoor Investment Advisors Inc. Makes New $636,000 Investment in iShares Russell Mid-Cap ETF $IWR

Edgemoor Investment Advisors Inc. bought a new stake in iShares Russell Mid-Cap ETF (NYSEARCA:IWR) in the 3rd quarter, HoldingsChannel reports. The firm bought 5,960 shares of the company’s stock, valued at approximately $636,000.

Several other large investors also recently added to or reduced their stakes in IWR. Baird Financial Group Inc. increased its stake in shares of iShares Russell Mid-Cap ETF by 18.8% in 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. boosted its position 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 valued at $496,505,000 after acquiring an additional 29,329 shares during the last quarter. AMG National Trust Bank boosted its position 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 valued at $378,137,000 after acquiring an additional 77,476 shares during the last quarter. Fifth Third Bancorp boosted its position 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 valued at $247,740,000 after acquiring an additional 521,709 shares during the last quarter. Finally, Glenview Trust Co boosted its position in shares of iShares Russell Mid-Cap ETF by 0.8% during the 3rd quarter. Glenview Trust Co now owns 1,418,745 shares of the company’s stock valued at $151,394,000 after acquiring an additional 10,717 shares during the last quarter. 80.16% of the stock is currently owned by hedge funds and other institutional investors.

iShares Russell Mid-Cap ETF Stock Performance

Shares of IWR opened at $107.80 on Monday. iShares Russell Mid-Cap ETF has a 12-month low of $91.64 and a 12-month high of $114.97. The firm has a 50-day moving average price of $109.42 and a 200 day moving average price of $106.23. The firm has a market capitalization of $56.83 billion, a P/E ratio of 20.27 and a beta of 1.00.

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. 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.