Summit Financial Strategies Inc. Decreases Stock Position in iShares Russell Mid-Cap ETF (NYSEARCA:IWR)

Summit Financial Strategies Inc. decreased its position in shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,384 shares of the company’s stock after selling 230 shares during the period. Summit Financial Strategies Inc.’s holdings in iShares Russell Mid-Cap ETF were worth $2,509,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IWR. Legacy Investment Solutions LLC purchased a new stake in shares of iShares Russell Mid-Cap ETF during the third quarter worth about $26,000. First Pacific Financial acquired a new stake in iShares Russell Mid-Cap ETF during the 4th quarter valued at approximately $27,000. Future Financial Wealth Managment LLC purchased a new stake in iShares Russell Mid-Cap ETF during the 3rd quarter worth approximately $30,000. Hoese & Co LLP purchased a new stake in iShares Russell Mid-Cap ETF during the 4th quarter worth approximately $32,000. Finally, Highline Wealth Partners LLC acquired a new position in shares of iShares Russell Mid-Cap ETF in the 3rd quarter valued at approximately $41,000.

iShares Russell Mid-Cap ETF Trading Down 0.1 %

IWR stock opened at $92.63 on Monday. The firm has a 50 day simple moving average of $91.57 and a 200-day simple moving average of $88.24. The company has a market capitalization of $38.27 billion, a P/E ratio of 20.27 and a beta of 1.02. iShares Russell Mid-Cap ETF has a twelve month low of $76.25 and a twelve month high of $96.00.

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.