Hsbc Holdings PLC Takes Position in iShares Russell Mid-Cap ETF $IWR

Hsbc Holdings PLC acquired a new stake in shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 29,974 shares of the company’s stock, valued at approximately $2,886,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cedarwood Wealth LLC acquired a new stake in iShares Russell Mid-Cap ETF in the fourth quarter worth approximately $573,000. Bayban acquired a new position in shares of iShares Russell Mid-Cap ETF during the 4th quarter valued at $279,000. Pure Financial Advisors LLC increased its position in shares of iShares Russell Mid-Cap ETF by 21.8% during the 4th quarter. Pure Financial Advisors LLC now owns 3,603 shares of the company’s stock valued at $347,000 after purchasing an additional 645 shares during the period. Rehmann Capital Advisory Group raised its stake in shares of iShares Russell Mid-Cap ETF by 179.3% in the 4th quarter. Rehmann Capital Advisory Group now owns 24,687 shares of the company’s stock worth $2,377,000 after buying an additional 15,849 shares in the last quarter. Finally, SHP Wealth Management bought a new stake in shares of iShares Russell Mid-Cap ETF in the 4th quarter worth $583,000. Institutional investors own 80.16% of the company’s stock.

iShares Russell Mid-Cap ETF Price Performance

Shares of iShares Russell Mid-Cap ETF stock opened at $109.58 on Monday. The business has a fifty day simple moving average of $106.07 and a 200-day simple moving average of $101.78. iShares Russell Mid-Cap ETF has a fifty-two week low of $91.09 and a fifty-two week high of $110.74. The firm has a market cap of $55.12 billion, a price-to-earnings ratio of 21.00 and a beta of 1.00.

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. The Index is a float-adjusted, capitalization-weighted index of the 800 smallest issuers in the Russell 1000 Index. The Index includes equity securities issued by issuers, which range in size between approximately $1.7 billion and $12 billion, though these amounts may change from time to time.