Axxcess Wealth Management LLC Makes New $11.96 Million Investment in iShares Russell Mid-Cap ETF $IWR

Axxcess Wealth Management LLC purchased a new stake in iShares Russell Mid-Cap ETF (NYSEARCA:IWR) during the 4th quarter, HoldingsChannel reports. The fund purchased 124,264 shares of the company’s stock, valued at approximately $11,963,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Corepath Wealth Partners LLC raised its position in shares of iShares Russell Mid-Cap ETF by 282.0% in the third quarter. Corepath Wealth Partners LLC now owns 17,110 shares of the company’s stock valued at $1,665,000 after purchasing an additional 12,631 shares during the period. Atria Investments Inc grew its stake in iShares Russell Mid-Cap ETF by 23.2% in the 3rd quarter. Atria Investments Inc now owns 32,527 shares of the company’s stock worth $3,140,000 after buying an additional 6,128 shares in the last quarter. Tompkins Financial Corp boosted its stake in shares of iShares Russell Mid-Cap ETF by 465.7% in the 4th quarter. Tompkins Financial Corp now owns 116,276 shares of the company’s stock valued at $11,194,000 after purchasing an additional 95,723 shares in the last quarter. Becker Capital Management Inc. purchased a new stake in iShares Russell Mid-Cap ETF during the 3rd quarter valued at $1,173,000. Finally, American Wealth Advisors LLC bought a new position in iShares Russell Mid-Cap ETF in the 3rd quarter worth $939,000. Institutional investors own 80.16% of the company’s stock.

iShares Russell Mid-Cap ETF Price Performance

Shares of iShares Russell Mid-Cap ETF stock opened at $105.92 on Friday. The company has a 50-day moving average of $101.35 and a 200 day moving average of $99.54. The firm has a market cap of $53.28 billion, a price-to-earnings ratio of 21.00 and a beta of 1.01. iShares Russell Mid-Cap ETF has a 1 year low of $86.89 and a 1 year high of $106.43.

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. 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.