SVB Wealth LLC Takes $2.16 Million Position in iShares Russell Mid-Cap ETF $IWR

SVB Wealth LLC acquired a new position in shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 22,377 shares of the company’s stock, valued at approximately $2,160,000.

Other hedge funds have also recently made changes to their positions in the company. Welch & Forbes LLC raised its position in iShares Russell Mid-Cap ETF by 0.5% during the 3rd quarter. Welch & Forbes LLC now owns 22,832 shares of the company’s stock worth $2,204,000 after purchasing an additional 105 shares during the last quarter. Hollencrest Capital Management increased its stake in shares of iShares Russell Mid-Cap ETF by 1.7% in the third quarter. Hollencrest Capital Management now owns 6,226 shares of the company’s stock valued at $601,000 after buying an additional 106 shares during the period. Meridian Wealth Management LLC raised its position in shares of iShares Russell Mid-Cap ETF by 0.5% during the second quarter. Meridian Wealth Management LLC now owns 20,962 shares of the company’s stock worth $1,928,000 after acquiring an additional 112 shares during the last quarter. Cornerstone Wealth Management LLC raised its position in shares of iShares Russell Mid-Cap ETF by 0.5% during the third quarter. Cornerstone Wealth Management LLC now owns 21,223 shares of the company’s stock worth $2,049,000 after acquiring an additional 114 shares during the last quarter. Finally, Shared Vision Wealth Group LLC lifted its stake in shares of iShares Russell Mid-Cap ETF by 4.4% in the third quarter. Shared Vision Wealth Group LLC now owns 2,874 shares of the company’s stock worth $276,000 after acquiring an additional 120 shares during the period. 80.16% of the stock is owned by institutional investors and hedge funds.

iShares Russell Mid-Cap ETF Stock Performance

NYSEARCA:IWR opened at $102.23 on Wednesday. iShares Russell Mid-Cap ETF has a fifty-two week low of $73.17 and a fifty-two week high of $102.74. The company has a 50 day simple moving average of $98.87 and a two-hundred day simple moving average of $96.66. The company has a market capitalization of $48.89 billion, a PE ratio of 21.00 and a beta of 1.06.

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.