Independent Advisor Alliance Invests $15.81 Million in iShares Russell Mid-Cap ETF (NYSEARCA:IWR)

Independent Advisor Alliance purchased a new position in iShares Russell Mid-Cap ETF (NYSEARCA:IWR) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 178,791 shares of the company’s stock, valued at approximately $15,805,000.

Other institutional investors have also recently made changes to their positions in the company. Summit Investment Advisory Services LLC grew its position in iShares Russell Mid-Cap ETF by 2.1% in the fourth quarter. Summit Investment Advisory Services LLC now owns 7,688 shares of the company’s stock worth $680,000 after acquiring an additional 161 shares in the last quarter. Transcendent Capital Group LLC boosted its position in iShares Russell Mid-Cap ETF by 150.2% during the third quarter. Transcendent Capital Group LLC now owns 523 shares of the company’s stock valued at $46,000 after buying an additional 314 shares during the period. Brookstone Capital Management purchased a new stake in iShares Russell Mid-Cap ETF during the fourth quarter valued at about $268,000. Hilltop Holdings Inc. boosted its position in iShares Russell Mid-Cap ETF by 1.9% during the third quarter. Hilltop Holdings Inc. now owns 33,376 shares of the company’s stock valued at $2,942,000 after buying an additional 608 shares during the period. Finally, FMR LLC boosted its position in iShares Russell Mid-Cap ETF by 2.2% during the third quarter. FMR LLC now owns 2,872,877 shares of the company’s stock valued at $253,215,000 after buying an additional 63,048 shares during the period.

iShares Russell Mid-Cap ETF Stock Up 0.7 %

NYSEARCA IWR opened at $86.76 on Monday. The company has a 50-day simple moving average of $90.46 and a two-hundred day simple moving average of $89.82. iShares Russell Mid-Cap ETF has a 12-month low of $78.36 and a 12-month high of $96.00. The firm has a market cap of $38.02 billion, a price-to-earnings ratio of 20.66 and a beta of 1.13.

iShares Russell Mid-Cap ETF Company 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.