Montgomery Financial Services LLC Makes New $1.67 Million Investment in iShares Russell Mid-Cap ETF $IWR

Montgomery Financial Services LLC purchased a new stake in iShares Russell Mid-Cap ETF (NYSEARCA:IWR) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 15,137 shares of the company’s stock, valued at approximately $1,670,000. iShares Russell Mid-Cap ETF makes up approximately 1.5% of Montgomery Financial Services LLC’s investment portfolio, making the stock its 11th largest holding.

A number of other hedge funds also recently bought and sold shares of IWR. NFSG Corp increased its stake in shares of iShares Russell Mid-Cap ETF by 93.1% during the first quarter. NFSG Corp now owns 280 shares of the company’s stock worth $27,000 after buying an additional 135 shares during the period. HFM Investment Advisors LLC purchased a new position in iShares Russell Mid-Cap ETF in the fourth quarter worth approximately $28,000. Frazier Financial Advisors LLC purchased a new position in iShares Russell Mid-Cap ETF in the first quarter worth approximately $31,000. Reflection Asset Management acquired a new position in iShares Russell Mid-Cap ETF during the 4th quarter worth approximately $33,000. Finally, Scarborough Advisors LLC acquired a new position in iShares Russell Mid-Cap ETF during the 1st quarter worth approximately $38,000. Institutional investors and hedge funds own 80.16% of the company’s stock.

iShares Russell Mid-Cap ETF Trading Down 0.3%

Shares of NYSEARCA:IWR opened at $111.83 on Friday. iShares Russell Mid-Cap ETF has a 52 week low of $91.64 and a 52 week high of $114.97. The company’s 50 day moving average is $111.30 and its two-hundred day moving average is $105.99. The company has a market cap of $56.72 billion, a PE ratio of 21.00 and a beta of 1.00.

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.