Mach 1 Financial Group LLC Invests $480,000 in iShares Russell Mid-Cap ETF $IWR

Mach 1 Financial Group LLC acquired a new stake in iShares Russell Mid-Cap ETF (NYSEARCA:IWR) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,981 shares of the company’s stock, valued at approximately $480,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pinkerton Wealth LLC raised its position in shares of iShares Russell Mid-Cap ETF by 9.8% in the fourth quarter. Pinkerton Wealth LLC now owns 2,878 shares of the company’s stock valued at $277,000 after buying an additional 257 shares during the last quarter. Princeton Capital Management LLC acquired a new position in iShares Russell Mid-Cap ETF during the fourth quarter worth about $354,000. Cullen Frost Bankers Inc. grew its stake in iShares Russell Mid-Cap ETF by 0.8% during the 4th quarter. Cullen Frost Bankers Inc. now owns 50,812 shares of the company’s stock valued at $4,892,000 after acquiring an additional 380 shares in the last quarter. Forefront Wealth Partners LLC grew its stake in iShares Russell Mid-Cap ETF by 45.8% during the 4th quarter. Forefront Wealth Partners LLC now owns 11,277 shares of the company’s stock valued at $1,086,000 after acquiring an additional 3,540 shares in the last quarter. Finally, L.K. Benson & Company P.C. acquired a new stake in iShares Russell Mid-Cap ETF in the 4th quarter valued at about $461,000. Hedge funds and other institutional investors own 80.16% of the company’s stock.

iShares Russell Mid-Cap ETF Price Performance

IWR opened at $105.00 on Friday. The firm has a market capitalization of $52.82 billion, a price-to-earnings ratio of 21.00 and a beta of 1.01. The company’s 50 day simple moving average is $101.22 and its two-hundred day simple moving average is $99.50. iShares Russell Mid-Cap ETF has a 1-year low of $86.89 and a 1-year high of $106.43.

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.