Perennial Investment Advisors LLC Increases Stock Position in iShares Russell Mid-Cap ETF (NYSEARCA:IWR)

Perennial Investment Advisors LLC increased its position in iShares Russell Mid-Cap ETF (NYSEARCA:IWR) by 32.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,658 shares of the company’s stock after buying an additional 4,327 shares during the quarter. Perennial Investment Advisors LLC’s holdings in iShares Russell Mid-Cap ETF were worth $1,561,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. purchased a new position in shares of iShares Russell Mid-Cap ETF in the 4th quarter worth about $25,000. Roxbury Financial LLC purchased a new position in iShares Russell Mid-Cap ETF in the fourth quarter valued at approximately $25,000. Legacy Investment Solutions LLC acquired a new position in iShares Russell Mid-Cap ETF during the third quarter valued at approximately $26,000. First Pacific Financial purchased a new stake in iShares Russell Mid-Cap ETF during the fourth quarter worth approximately $27,000. Finally, Fairscale Capital LLC acquired a new stake in shares of iShares Russell Mid-Cap ETF in the fourth quarter worth $27,000.

iShares Russell Mid-Cap ETF Trading Down 5.8 %

Shares of IWR stock opened at $76.94 on Friday. The company has a market cap of $34.43 billion, a PE ratio of 20.81 and a beta of 1.13. The company’s fifty day simple moving average is $88.41 and its 200-day simple moving average is $89.68. iShares Russell Mid-Cap ETF has a 52 week low of $76.59 and a 52 week high of $96.01.

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.