Archer Investment Corp Cuts Stock Position in iShares Russell Mid-Cap ETF (NYSEARCA:IWR)

Archer Investment Corp trimmed its holdings in shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR) by 20.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 571 shares of the company’s stock after selling 146 shares during the period. Archer Investment Corp’s holdings in iShares Russell Mid-Cap ETF were worth $50,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in IWR. Cambridge Trust Co. lifted its stake in iShares Russell Mid-Cap ETF by 2.8% in the 1st quarter. Cambridge Trust Co. now owns 8,344 shares of the company’s stock worth $702,000 after purchasing an additional 224 shares in the last quarter. LRI Investments LLC purchased a new stake in shares of iShares Russell Mid-Cap ETF in the 1st quarter valued at approximately $120,000. Gradient Investments LLC increased its holdings in shares of iShares Russell Mid-Cap ETF by 358.6% during the 2nd quarter. Gradient Investments LLC now owns 12,414 shares of the company’s stock worth $1,007,000 after buying an additional 9,707 shares during the last quarter. Motiv8 Investments LLC raised its position in shares of iShares Russell Mid-Cap ETF by 9.4% during the 2nd quarter. Motiv8 Investments LLC now owns 30,329 shares of the company’s stock valued at $2,459,000 after buying an additional 2,609 shares during the period. Finally, LPL Financial LLC lifted its holdings in iShares Russell Mid-Cap ETF by 2.8% in the second quarter. LPL Financial LLC now owns 3,130,891 shares of the company’s stock valued at $253,853,000 after acquiring an additional 84,394 shares during the last quarter.

iShares Russell Mid-Cap ETF Stock Down 0.7 %

IWR stock opened at $91.14 on Friday. iShares Russell Mid-Cap ETF has a 52-week low of $70.31 and a 52-week high of $93.85. The business has a fifty day moving average of $88.51 and a two-hundred day moving average of $84.64. The stock has a market cap of $37.65 billion, a price-to-earnings ratio of 20.27 and a beta of 1.02.

About iShares Russell Mid-Cap ETF

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.