NewEdge Wealth LLC Purchases 6,153 Shares of iShares Russell Mid-Cap ETF $IWR

NewEdge Wealth LLC raised its holdings in shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR) by 7.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 89,374 shares of the company’s stock after purchasing an additional 6,153 shares during the quarter. NewEdge Wealth LLC’s holdings in iShares Russell Mid-Cap ETF were worth $8,690,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC lifted its stake in shares of iShares Russell Mid-Cap ETF by 4.2% during the 4th quarter. Brighton Jones LLC now owns 104,524 shares of the company’s stock worth $9,240,000 after acquiring an additional 4,189 shares during the last quarter. Revolve Wealth Partners LLC bought a new position in iShares Russell Mid-Cap ETF in the 4th quarter valued at $323,000. Quantbot Technologies LP bought a new position in iShares Russell Mid-Cap ETF in the 2nd quarter valued at $64,000. Qube Research & Technologies Ltd grew its position in iShares Russell Mid-Cap ETF by 581.4% in the 2nd quarter. Qube Research & Technologies Ltd now owns 9,253 shares of the company’s stock valued at $851,000 after acquiring an additional 7,895 shares during the last quarter. Finally, Ieq Capital LLC increased its stake in iShares Russell Mid-Cap ETF by 2.6% in the second quarter. Ieq Capital LLC now owns 86,647 shares of the company’s stock worth $7,969,000 after purchasing an additional 2,199 shares during the period. 80.16% of the stock is currently owned by hedge funds and other institutional investors.

iShares Russell Mid-Cap ETF Trading Down 0.3%

NYSEARCA:IWR opened at $108.85 on Friday. iShares Russell Mid-Cap ETF has a twelve month low of $91.36 and a twelve month high of $111.43. The company has a market cap of $55.51 billion, a price-to-earnings ratio of 21.00 and a beta of 1.00. The stock has a fifty day simple moving average of $108.14 and a 200-day simple moving average of $103.44.

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.