LPL Financial LLC Raises Position in iShares Russell Mid-Cap ETF (NYSEARCA:IWR)

LPL Financial LLC increased its position in shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR) by 1.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,641,941 shares of the company’s stock after purchasing an additional 28,075 shares during the period. LPL Financial LLC owned approximately 0.64% of iShares Russell Mid-Cap ETF worth $233,548,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Samalin Investment Counsel LLC raised its position in iShares Russell Mid-Cap ETF by 6.4% in the fourth quarter. Samalin Investment Counsel LLC now owns 32,312 shares of the company’s stock worth $2,856,000 after acquiring an additional 1,938 shares in the last quarter. M Holdings Securities Inc. purchased a new position in iShares Russell Mid-Cap ETF in the fourth quarter valued at about $79,000. Optimum Investment Advisors increased its holdings in iShares Russell Mid-Cap ETF by 19.7% in the fourth quarter. Optimum Investment Advisors now owns 9,977 shares of the company’s stock valued at $882,000 after buying an additional 1,645 shares in the last quarter. Millstone Evans Group LLC acquired a new stake in shares of iShares Russell Mid-Cap ETF during the 4th quarter valued at approximately $171,000. Finally, MRP Capital Investments LLC boosted its stake in shares of iShares Russell Mid-Cap ETF by 66.1% during the 4th quarter. MRP Capital Investments LLC now owns 4,271 shares of the company’s stock worth $378,000 after acquiring an additional 1,700 shares in the last quarter.

iShares Russell Mid-Cap ETF Price Performance

NYSEARCA IWR opened at $85.54 on Monday. The business has a 50 day moving average price of $89.71 and a 200 day moving average price of $89.75. The company has a market capitalization of $37.48 billion, a P/E ratio of 20.66 and a beta of 1.13. iShares Russell Mid-Cap ETF has a 1-year low of $78.36 and a 1-year high of $96.01.

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.