Penobscot Wealth Management Buys Shares of 11,808 iShares Russell Mid-Cap ETF $IWR

Penobscot Wealth Management bought a new position in shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 11,808 shares of the company’s stock, valued at approximately $1,148,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. HFM Investment Advisors LLC acquired a new stake in shares of iShares Russell Mid-Cap ETF in the fourth quarter valued at about $28,000. KERR FINANCIAL PLANNING Corp acquired a new position in iShares Russell Mid-Cap ETF during the third quarter worth about $32,000. Reflection Asset Management purchased a new position in iShares Russell Mid-Cap ETF in the fourth quarter valued at about $33,000. Dorato Capital Management purchased a new position in iShares Russell Mid-Cap ETF in the fourth quarter valued at about $43,000. Finally, Commonwealth Retirement Investments LLC acquired a new stake in shares of iShares Russell Mid-Cap ETF during the 4th quarter valued at approximately $41,000. 80.16% of the stock is owned by institutional investors and hedge funds.

iShares Russell Mid-Cap ETF Trading Up 1.4%

IWR stock opened at $110.03 on Friday. The firm has a 50 day moving average of $105.92 and a 200-day moving average of $101.69. The company has a market cap of $55.35 billion, a price-to-earnings ratio of 21.00 and a beta of 1.00. iShares Russell Mid-Cap ETF has a 12-month low of $90.81 and a 12-month high of $110.74.

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.