Merit Financial Group LLC Purchases 15,245 Shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR)

Merit Financial Group LLC lifted its position in iShares Russell Mid-Cap ETF (NYSEARCA:IWR) by 49.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 45,947 shares of the company’s stock after acquiring an additional 15,245 shares during the period. Merit Financial Group LLC’s holdings in iShares Russell Mid-Cap ETF were worth $4,062,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in iShares Russell Mid-Cap ETF by 2.9% in the third quarter. JPMorgan Chase & Co. now owns 7,059,914 shares of the company’s stock worth $622,261,000 after purchasing an additional 198,719 shares in the last quarter. FMR LLC grew its position in shares of iShares Russell Mid-Cap ETF by 2.2% in the 3rd quarter. FMR LLC now owns 2,872,877 shares of the company’s stock worth $253,215,000 after buying an additional 63,048 shares during the period. Raymond James & Associates increased its stake in shares of iShares Russell Mid-Cap ETF by 2.6% in the 3rd quarter. Raymond James & Associates now owns 1,454,215 shares of the company’s stock worth $128,175,000 after acquiring an additional 36,255 shares in the last quarter. Cetera Investment Advisers lifted its position in iShares Russell Mid-Cap ETF by 2.2% during the 2nd quarter. Cetera Investment Advisers now owns 1,219,350 shares of the company’s stock valued at $98,865,000 after acquiring an additional 26,578 shares during the period. Finally, Oakworth Capital Inc. boosted its stake in iShares Russell Mid-Cap ETF by 1.2% during the third quarter. Oakworth Capital Inc. now owns 1,092,885 shares of the company’s stock worth $96,327,000 after acquiring an additional 13,188 shares in the last quarter.

iShares Russell Mid-Cap ETF Stock Performance

Shares of IWR opened at $91.60 on Friday. iShares Russell Mid-Cap ETF has a fifty-two week low of $75.15 and a fifty-two week high of $96.00. The firm’s 50-day simple moving average is $91.56 and its two-hundred day simple moving average is $87.74. The stock has a market cap of $37.84 billion, a PE 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.