Park Avenue Securities LLC Reduces Holdings in iShares Russell Mid-Cap ETF

Park Avenue Securities LLC has significantly reduced its stake in the iShares Russell Mid-Cap ETF (NYSEARCA:IWR) by 50.3% in the third quarter, according to recent reports. The firm now holds 8,129 shares of the ETF after selling 8,213 shares during this period. As per the latest SEC filing, Park Avenue Securities LLC's total investment in the iShares Russell Mid-Cap ETF is valued at approximately $716,000.

Other institutional investors and hedge funds have also made adjustments to their positions in IWR. For instance, Klingman & Associates LLC increased its stake in the ETF by 1.0% during the second quarter, bringing its total shares to 12,564, valued at $1,019,000 after acquiring an additional 122 shares. Similarly, Guidance Point Advisors LLC raised its position by 2.9%, now owning 4,365 shares worth $354,000 after buying 123 extra shares in the last quarter. Sage Mountain Advisors LLC made a more substantial increase, boosting its stake by 50.9% in the second quarter, now holding 403 shares valued at $33,000 following a purchase of 136 shares. Advisory Resource Group also expanded its position by 2.4% in the first quarter, owning 5,949 shares worth $500,000 with additional acquisitions of 138 shares. Lastly, International Assets Investment Management LLC enhanced its holdings in the ETF by 4.9% during the second quarter, now owning 3,080 shares valued at $250,000 after buying 145 additional shares.

Performance of iShares Russell Mid-Cap ETF

The iShares Russell Mid-Cap ETF (IWR) opened at $87.78 on Friday. The ETF's fifty-day moving average stands at $85.36, while the two-hundred-day moving average is $83.09. Over the past year, the ETF has experienced a low of $64.66 and a high of $88.53. Currently, the iShares Russell Mid-Cap ETF has a market capitalization of $36.26 billion, a price-to-earnings ratio of 20.27, and a beta of 1.02, indicating its market volatility.

About iShares Russell Mid-Cap ETF

The iShares Russell Mid-Cap ETF is designed to track the investment performance of the Russell Midcap Index, which measures mid-capitalization stock performance within the United States equity market. This exchange-traded fund offers investors an opportunity to access a diversified portfolio of mid-cap companies.

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