Independence Bank of Kentucky Purchases 9,974 Shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR)

Independence Bank of Kentucky raised its position in shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR) by 14.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 79,072 shares of the company’s stock after purchasing an additional 9,974 shares during the period. iShares Russell Mid-Cap ETF accounts for approximately 1.7% of Independence Bank of Kentucky’s holdings, making the stock its 9th biggest position. Independence Bank of Kentucky’s holdings in iShares Russell Mid-Cap ETF were worth $6,411,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. LifeSteps Financial Inc. bought a new stake in shares of iShares Russell Mid-Cap ETF during the first quarter valued at about $25,000. Paladin Advisory Group LLC bought a new stake in shares of iShares Russell Mid-Cap ETF during the 2nd quarter worth about $27,000. Future Financial Wealth Managment LLC bought a new position in shares of iShares Russell Mid-Cap ETF in the first quarter valued at approximately $29,000. Financial Synergies Wealth Advisors Inc. boosted its stake in iShares Russell Mid-Cap ETF by 120.9% during the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 380 shares of the company’s stock valued at $32,000 after purchasing an additional 208 shares in the last quarter. Finally, Bellevue Asset Management LLC raised its position in iShares Russell Mid-Cap ETF by 67.9% in the fourth quarter. Bellevue Asset Management LLC now owns 470 shares of the company’s stock worth $37,000 after acquiring an additional 190 shares in the last quarter.

iShares Russell Mid-Cap ETF Stock Performance

Shares of NYSEARCA:IWR traded up $1.35 during midday trading on Friday, reaching $86.33. The company had a trading volume of 1,011,961 shares, compared to its average volume of 1,279,532. The company has a fifty day simple moving average of $82.58 and a two-hundred day simple moving average of $81.72. The firm has a market cap of $35.66 billion, a price-to-earnings ratio of 20.27 and a beta of 1.02. iShares Russell Mid-Cap ETF has a 1-year low of $64.66 and a 1-year high of $86.46.

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.