Sigma Investment Counselors Inc. Makes New $27.70 Million Investment in iShares Russell Mid-Cap ETF $IWR

Sigma Investment Counselors Inc. purchased a new stake in iShares Russell Mid-Cap ETF (NYSEARCA:IWR) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 259,589 shares of the company’s stock, valued at approximately $27,701,000. iShares Russell Mid-Cap ETF accounts for 1.3% of Sigma Investment Counselors Inc.’s investment portfolio, making the stock its 22nd largest position.

A number of other institutional investors have also recently bought and sold shares of the stock. Baird Financial Group Inc. raised its holdings in iShares Russell Mid-Cap ETF by 18.8% during the 2nd quarter. Baird Financial Group Inc. now owns 10,660,298 shares of the company’s stock worth $1,176,044,000 after buying an additional 1,690,390 shares during the period. Envestnet Asset Management Inc. lifted its stake in iShares Russell Mid-Cap ETF by 0.7% during the second quarter. Envestnet Asset Management Inc. now owns 4,500,690 shares of the company’s stock valued at $496,505,000 after buying an additional 29,329 shares in the last quarter. AMG National Trust Bank lifted its stake in iShares Russell Mid-Cap ETF by 2.0% during the first quarter. AMG National Trust Bank now owns 3,889,097 shares of the company’s stock valued at $378,137,000 after buying an additional 77,476 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of iShares Russell Mid-Cap ETF by 25.7% in the first quarter. Fifth Third Bancorp now owns 2,547,979 shares of the company’s stock worth $247,740,000 after buying an additional 521,709 shares during the period. Finally, Glenview Trust Co boosted its holdings in shares of iShares Russell Mid-Cap ETF by 3.4% in the first quarter. Glenview Trust Co now owns 1,350,641 shares of the company’s stock worth $131,323,000 after buying an additional 44,178 shares during the period. Hedge funds and other institutional investors own 80.16% of the company’s stock.

iShares Russell Mid-Cap ETF Price Performance

iShares Russell Mid-Cap ETF stock opened at $110.33 on Wednesday. The firm’s 50 day simple moving average is $109.93 and its 200-day simple moving average is $105.84. The company has a market cap of $57.36 billion, a P/E ratio of 21.00 and a beta of 1.00. iShares Russell Mid-Cap ETF has a fifty-two week low of $91.64 and a fifty-two week high of $114.97.

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.