Penobscot Wealth Management Takes $1.15 Million Position in iShares Russell Mid-Cap ETF $IWR

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

Several other hedge funds have also recently modified their holdings of IWR. Hoxton Planning & Management LLC increased its stake in iShares Russell Mid-Cap ETF by 0.6% in the 1st quarter. Hoxton Planning & Management LLC now owns 91,725 shares of the company’s stock valued at $8,918,000 after buying an additional 580 shares during the period. Fiduciary Alliance LLC boosted its holdings in shares of iShares Russell Mid-Cap ETF by 2.2% in the first quarter. Fiduciary Alliance LLC now owns 7,859 shares of the company’s stock valued at $804,000 after acquiring an additional 167 shares in the last quarter. Kestra Private Wealth Services LLC boosted its holdings in shares of iShares Russell Mid-Cap ETF by 13.3% in the first quarter. Kestra Private Wealth Services LLC now owns 90,405 shares of the company’s stock valued at $8,790,000 after acquiring an additional 10,626 shares in the last quarter. Higgins & Schmidt Wealth Strategies LLC increased its stake in shares of iShares Russell Mid-Cap ETF by 2.2% during the first quarter. Higgins & Schmidt Wealth Strategies LLC now owns 9,780 shares of the company’s stock worth $951,000 after acquiring an additional 211 shares during the period. Finally, BTC Capital Management Inc. increased its stake in shares of iShares Russell Mid-Cap ETF by 2.0% during the first quarter. BTC Capital Management Inc. now owns 48,134 shares of the company’s stock worth $4,680,000 after acquiring an additional 934 shares during the period. 80.16% of the stock is owned by institutional investors and hedge funds.

iShares Russell Mid-Cap ETF Stock Up 1.4%

NYSEARCA IWR opened at $110.03 on Friday. The stock has a market capitalization of $55.35 billion, a P/E ratio of 21.00 and a beta of 1.00. iShares Russell Mid-Cap ETF has a 52-week low of $90.81 and a 52-week high of $110.74. The firm has a 50-day moving average price of $105.92 and a 200 day moving average price of $101.69.

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.