Compass Ion Advisors LLC Acquires New Shares in iShares Russell Mid-Cap ETF (NYSEARCA:IWR)

On October 21, 2024, it was reported that Compass Ion Advisors LLC has taken a new position in the iShares Russell Mid-Cap ETF (NYSEARCA:IWR). In the third quarter, the firm purchased 2,355 shares of the ETF's stock, which is valued at approximately $208,000.

Other institutional investors and hedge funds have also been active with iShares Russell Mid-Cap ETF. For instance, Natixis Advisors LLC increased its stake by a significant 337.3% during the second quarter, taking ownership of 1,668,038 shares valued at $135,245,000 after acquiring an additional 1,286,639 shares.

Cetera Investment Advisers made a notable increase, raising its holdings by an impressive 849.0% in the first quarter. Subsequently, they now own 1,192,772 shares worth about $100,300,000 after a purchase of 1,067,086 shares during that period.

Strategic Financial Concepts LLC also saw substantial growth, boosting its position by 3,333.2% in the second quarter, ultimately owning 470,035 shares valued at $381,000 after an addition of 456,344 shares.

Another institutional player, Security National Bank, entered a new position in the first quarter, valued at around $28,859,000. Likewise, Factory Mutual Insurance Co. grew its stake by 40.1% in the third quarter, owning 978,700 shares worth $86,263,000 after increasing its holdings by 280,000 shares.

Performance of iShares Russell Mid-Cap ETF

As of October 21, shares of the iShares Russell Mid-Cap ETF were priced at $90.06. The fund's market capitalization is approximately $37.20 billion, featuring a price-to-earnings ratio of 20.27 and a beta value of 1.02. Over the past year, the stock has seen a low of $64.66 and a high of $90.18. The ETF's 50-day and 200-day simple moving averages stand at $86.45 and $83.38 respectively.

Understanding the iShares Russell Mid-Cap ETF

The iShares Russell Mid-Cap ETF, previously known as iShares Russell Midcap Index Fund, serves as an exchange-traded fund. Its main goal is to attain investment results that are generally in line with the price and yield performance of the Russell Midcap Index, which measures the performance of mid-capitalization stocks in the U.S. equity market.

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