Mather Group LLC. Makes New $3.75 Million Investment in iShares Russell Mid-Cap ETF $IWR

Mather Group LLC. purchased a new position in shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR) in the third quarter, HoldingsChannel.com reports. The firm purchased 35,177 shares of the company’s stock, valued at approximately $3,754,000.

Several other hedge funds have also recently made changes to their positions in the business. Baird Financial Group Inc. raised its position in shares of iShares Russell Mid-Cap ETF by 18.8% in the 2nd quarter. Baird Financial Group Inc. now owns 10,660,298 shares of the company’s stock worth $1,176,044,000 after acquiring an additional 1,690,390 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of iShares Russell Mid-Cap ETF by 0.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,500,690 shares of the company’s stock valued at $496,505,000 after purchasing an additional 29,329 shares in the last quarter. AMG National Trust Bank boosted its position in shares of iShares Russell Mid-Cap ETF by 2.0% during the 1st quarter. AMG National Trust Bank now owns 3,889,097 shares of the company’s stock valued at $378,137,000 after purchasing an additional 77,476 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of iShares Russell Mid-Cap ETF by 25.7% during the 1st quarter. Fifth Third Bancorp now owns 2,547,979 shares of the company’s stock valued at $247,740,000 after purchasing an additional 521,709 shares in the last quarter. Finally, Glenview Trust Co grew its stake in iShares Russell Mid-Cap ETF by 3.4% during the first quarter. Glenview Trust Co now owns 1,350,641 shares of the company’s stock worth $131,323,000 after purchasing an additional 44,178 shares during the period. 80.16% of the stock is owned by institutional investors.

iShares Russell Mid-Cap ETF Price Performance

NYSEARCA IWR opened at $109.57 on Friday. The business has a 50 day simple moving average of $110.58 and a 200 day simple moving average of $107.88. iShares Russell Mid-Cap ETF has a one year low of $91.64 and a one year high of $114.97. The stock has a market capitalization of $56.64 billion, a P/E ratio of 21.00 and a beta of 1.00.

About iShares Russell Mid-Cap ETF

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.