Independence Bank of Kentucky boosted its position in iShares Russell Mid-Cap ETF (NYSEARCA:IWR – Free Report) by 12.1% during the 2nd quarter, Holdings Channel reports. The fund owned 62,965 shares of the company’s stock after acquiring an additional 6,816 shares during the quarter. iShares Russell Mid-Cap ETF makes up 1.9% of Independence Bank of Kentucky’s portfolio, making the stock its 8th biggest holding. Independence Bank of Kentucky’s holdings in iShares Russell Mid-Cap ETF were worth $4,598,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Armstrong Advisory Group Inc. increased its stake in iShares Russell Mid-Cap ETF by 139.6% in the second quarter. Armstrong Advisory Group Inc. now owns 381 shares of the company’s stock valued at $28,000 after purchasing an additional 222 shares during the last quarter. Credit Suisse AG acquired a new stake in iShares Russell Mid-Cap ETF during the 4th quarter worth $26,000. Kalos Management Inc. purchased a new stake in iShares Russell Mid-Cap ETF in the fourth quarter valued at $27,000. AlphaCore Capital LLC boosted its stake in iShares Russell Mid-Cap ETF by 1,005.3% in the fourth quarter. AlphaCore Capital LLC now owns 420 shares of the company’s stock valued at $28,000 after acquiring an additional 382 shares in the last quarter. Finally, NewSquare Capital LLC purchased a new position in iShares Russell Mid-Cap ETF during the 1st quarter worth approximately $29,000.
iShares Russell Mid-Cap ETF Trading Up 1.0 %
Shares of IWR opened at $72.48 on Friday. The firm has a market cap of $28.60 billion, a PE ratio of 15.16 and a beta of 1.09. iShares Russell Mid-Cap ETF has a 12-month low of $60.73 and a 12-month high of $76.21. The company’s 50 day simple moving average is $73.59 and its 200-day simple moving average is $70.94.
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.
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