Diversified Management Inc. Buys New Position in iShares Russell Mid-Cap ETF $IWR

Diversified Management Inc. bought a new stake in shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 7,463 shares of the company’s stock, valued at approximately $718,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. KERR FINANCIAL PLANNING Corp bought a new position in shares of iShares Russell Mid-Cap ETF in the third quarter valued at approximately $32,000. Smartleaf Asset Management LLC raised its holdings in iShares Russell Mid-Cap ETF by 192.0% during the third quarter. Smartleaf Asset Management LLC now owns 400 shares of the company’s stock worth $39,000 after purchasing an additional 263 shares in the last quarter. Dorato Capital Management bought a new stake in iShares Russell Mid-Cap ETF during the fourth quarter worth approximately $43,000. Cary Street Partners Investment Advisory LLC acquired a new stake in iShares Russell Mid-Cap ETF in the third quarter worth approximately $47,000. Finally, Cornerstone Planning Group LLC acquired a new stake in iShares Russell Mid-Cap ETF in the third quarter worth approximately $55,000. 80.16% of the stock is currently owned by institutional investors.

iShares Russell Mid-Cap ETF Stock Performance

Shares of NYSEARCA IWR opened at $102.26 on Thursday. iShares Russell Mid-Cap ETF has a 1 year low of $77.72 and a 1 year high of $103.53. The firm has a market cap of $51.16 billion, a P/E ratio of 21.00 and a beta of 1.03. The stock has a fifty day moving average price of $99.97 and a two-hundred day moving average price of $98.14.

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.