Wedbush Securities Inc. Purchases New Shares in iShares Russell Mid-Cap ETF (NYSEARCA:IWR)

Wedbush Securities Inc. purchased a new position in shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 8,243 shares of the company’s stock, valued at approximately $729,000.

A number of other hedge funds have also recently added to or reduced their stakes in IWR. Newbridge Financial Services Group Inc. bought a new stake in shares of iShares Russell Mid-Cap ETF during the fourth quarter valued at approximately $25,000. Roxbury Financial LLC acquired a new position in iShares Russell Mid-Cap ETF during the 4th quarter worth $25,000. Legacy Investment Solutions LLC bought a new position in iShares Russell Mid-Cap ETF in the 3rd quarter valued at $26,000. First Pacific Financial acquired a new stake in shares of iShares Russell Mid-Cap ETF in the 4th quarter valued at $27,000. Finally, Fairscale Capital LLC bought a new stake in shares of iShares Russell Mid-Cap ETF during the fourth quarter worth $27,000.

iShares Russell Mid-Cap ETF Stock Down 0.8 %

Shares of IWR opened at $76.34 on Tuesday. The stock’s fifty day simple moving average is $88.09 and its 200-day simple moving average is $89.64. The firm has a market capitalization of $34.16 billion, a PE ratio of 20.81 and a beta of 1.13. iShares Russell Mid-Cap ETF has a 12-month low of $73.17 and a 12-month high of $96.01.

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.