Montgomery Financial Services LLC Takes Position in iShares Russell Mid-Cap ETF $IWR

Montgomery Financial Services LLC acquired a new stake in iShares Russell Mid-Cap ETF (NYSEARCA:IWR) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 15,137 shares of the company’s stock, valued at approximately $1,670,000. iShares Russell Mid-Cap ETF accounts for 1.5% of Montgomery Financial Services LLC’s holdings, making the stock its 11th biggest holding.

Other hedge funds have also recently bought and sold shares of the company. Highland Investment Advisors LLC acquired a new position in iShares Russell Mid-Cap ETF in the 2nd quarter valued at about $287,000. Shum Financial Group Inc. acquired a new stake in shares of iShares Russell Mid-Cap ETF during the second quarter worth about $231,000. Investor s Fiduciary Advisor Network LLC acquired a new stake in shares of iShares Russell Mid-Cap ETF during the second quarter worth about $315,000. NWF Advisory Services Inc. purchased a new position in shares of iShares Russell Mid-Cap ETF in the second quarter valued at approximately $209,000. Finally, TD Waterhouse Canada Inc. boosted its stake in shares of iShares Russell Mid-Cap ETF by 3.9% in the second quarter. TD Waterhouse Canada Inc. now owns 25,909 shares of the company’s stock valued at $2,857,000 after purchasing an additional 983 shares during the period. Institutional investors and hedge funds own 80.16% of the company’s stock.

iShares Russell Mid-Cap ETF Stock Performance

Shares of IWR stock opened at $111.83 on Friday. The stock has a market capitalization of $56.72 billion, a P/E ratio of 21.00 and a beta of 1.00. The company has a 50 day moving average price of $111.30 and a 200 day moving average price of $105.99. iShares Russell Mid-Cap ETF has a fifty-two week low of $91.64 and a fifty-two 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.