iShares Russell Mid-Cap ETF (NYSEARCA:IWR) Sees Strong Trading Volume – What’s Next?

iShares Russell Mid-Cap ETF (NYSEARCA:IWR) saw unusually-high trading volume on Monday . Approximately 2,976,949 shares were traded during mid-day trading, an increase of 136% from the previous session’s volume of 1,263,439 shares.The stock last traded at $88.22 and had previously closed at $87.64.

iShares Russell Mid-Cap ETF Trading Up 0.3 %

The stock’s fifty day moving average price is $87.32 and its 200 day moving average price is $83.89. The stock has a market cap of $36.32 billion, a P/E ratio of 20.27 and a beta of 1.02.

Hedge Funds Weigh In On iShares Russell Mid-Cap ETF

Several institutional investors and hedge funds have recently made changes to their positions in IWR. Paladin Advisory Group LLC purchased a new position in shares of iShares Russell Mid-Cap ETF in the second quarter valued at about $27,000. Future Financial Wealth Managment LLC purchased a new position in shares of iShares Russell Mid-Cap ETF in the third quarter valued at about $30,000. Sage Mountain Advisors LLC increased its position in shares of iShares Russell Mid-Cap ETF by 50.9% in the second quarter. Sage Mountain Advisors LLC now owns 403 shares of the company’s stock valued at $33,000 after acquiring an additional 136 shares during the period. Beaird Harris Wealth Management LLC purchased a new position in shares of iShares Russell Mid-Cap ETF in the first quarter valued at about $40,000. Finally, Cultivar Capital Inc. purchased a new position in shares of iShares Russell Mid-Cap ETF in the second quarter valued at about $41,000.

iShares Russell Mid-Cap ETF Company 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.