Legacy Edge Advisors LLC Invests $31.87 Million in iShares Russell Mid-Cap ETF $IWR

Legacy Edge Advisors LLC purchased a new position in shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 330,997 shares of the company’s stock, valued at approximately $31,865,000. iShares Russell Mid-Cap ETF accounts for about 3.5% of Legacy Edge Advisors LLC’s investment portfolio, making the stock its 5th biggest position.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Pettee Investors Inc. raised its position in shares of iShares Russell Mid-Cap ETF by 32.8% during the 4th quarter. Pettee Investors Inc. now owns 2,900 shares of the company’s stock worth $279,000 after purchasing an additional 716 shares during the period. LVZ Inc. raised its position in shares of iShares Russell Mid-Cap ETF by 42.7% during the 4th quarter. LVZ Inc. now owns 3,567 shares of the company’s stock worth $343,000 after purchasing an additional 1,067 shares during the period. Blalock Williams LLC acquired a new stake in shares of iShares Russell Mid-Cap ETF during the 4th quarter worth approximately $205,000. Robertson Stephens Wealth Management LLC raised its position in shares of iShares Russell Mid-Cap ETF by 14.5% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 191,416 shares of the company’s stock worth $18,428,000 after purchasing an additional 24,176 shares during the period. Finally, Mutual Advisors LLC raised its position in shares of iShares Russell Mid-Cap ETF by 9.0% during the 4th quarter. Mutual Advisors LLC now owns 4,555 shares of the company’s stock worth $439,000 after purchasing an additional 378 shares during the period. 80.16% of the stock is currently owned by institutional investors and hedge funds.

iShares Russell Mid-Cap ETF Trading Down 0.1%

Shares of iShares Russell Mid-Cap ETF stock opened at $104.20 on Friday. The business’s 50 day simple moving average is $100.42 and its 200-day simple moving average is $98.70. The stock has a market capitalization of $52.41 billion, a price-to-earnings ratio of 21.00 and a beta of 1.01. iShares Russell Mid-Cap ETF has a twelve month low of $84.59 and a twelve month high of $105.41.

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.