Mesirow Financial Investment Management Inc. Purchases 531,848 Shares of iShares Russell Mid-Cap ETF $IWR

Mesirow Financial Investment Management Inc. purchased a new stake in iShares Russell Mid-Cap ETF (NYSEARCA:IWR) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 531,848 shares of the company’s stock, valued at approximately $56,753,000. iShares Russell Mid-Cap ETF accounts for about 0.9% of Mesirow Financial Investment Management Inc.’s holdings, making the stock its 25th largest position.

A number of other hedge funds have also modified their holdings of IWR. Livelsberger Financial Advisory acquired a new stake in shares of iShares Russell Mid-Cap ETF during the 3rd quarter worth about $25,000. NFSG Corp lifted its position in iShares Russell Mid-Cap ETF by 93.1% in the first quarter. NFSG Corp now owns 280 shares of the company’s stock valued at $27,000 after buying an additional 135 shares during the last quarter. Next Level Wealth Planning LLC purchased a new position in iShares Russell Mid-Cap ETF during the third quarter worth about $30,000. Frazier Financial Advisors LLC purchased a new position in iShares Russell Mid-Cap ETF during the first quarter worth about $31,000. Finally, Scarborough Advisors LLC purchased a new position in iShares Russell Mid-Cap ETF during the first quarter worth about $38,000. 80.16% of the stock is currently owned by hedge funds and other institutional investors.

iShares Russell Mid-Cap ETF Price Performance

Shares of IWR opened at $110.59 on Wednesday. iShares Russell Mid-Cap ETF has a 1-year low of $91.64 and a 1-year high of $114.97. The stock has a market cap of $58.32 billion, a PE ratio of 20.27 and a beta of 1.00. The firm has a 50-day simple moving average of $109.37 and a two-hundred day simple moving average of $106.33.

iShares Russell Mid-Cap ETF 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.