iShares Russell Mid-Cap ETF (NYSEARCA:IWR) Sees Strong Trading Volume – What’s Next?

Shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR) saw an uptick in trading volume on Monday . 2,255,337 shares changed hands during trading, an increase of 27% from the previous session’s volume of 1,771,003 shares.The stock last traded at $94.5910 and had previously closed at $95.76.

iShares Russell Mid-Cap ETF Trading Down 0.4%

The company has a market cap of $44.72 billion, a P/E ratio of 21.00 and a beta of 1.06. The firm’s fifty day moving average price is $96.22 and its 200-day moving average price is $92.40.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in IWR. Riggs Asset Managment Co. Inc. acquired a new position in iShares Russell Mid-Cap ETF in the first quarter worth about $28,000. Advantage Trust Co acquired a new position in iShares Russell Mid-Cap ETF in the second quarter worth about $28,000. HHM Wealth Advisors LLC acquired a new position in iShares Russell Mid-Cap ETF in the second quarter worth about $29,000. N.E.W. Advisory Services LLC acquired a new position in iShares Russell Mid-Cap ETF in the first quarter worth about $30,000. Finally, Rossby Financial LCC acquired a new position in iShares Russell Mid-Cap ETF in the first quarter worth about $31,000. Institutional investors and hedge funds own 80.16% of the company’s stock.

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.