Fairway Wealth LLC Increases Stock Holdings in iShares Russell Mid-Cap ETF (NYSEARCA:IWR)

Fairway Wealth LLC increased its holdings in iShares Russell Mid-Cap ETF (NYSEARCA:IWR) by 20.6% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 16,834 shares of the company’s stock after buying an additional 2,871 shares during the period. iShares Russell Mid-Cap ETF comprises about 0.8% of Fairway Wealth LLC’s holdings, making the stock its 24th biggest position. Fairway Wealth LLC’s holdings in iShares Russell Mid-Cap ETF were worth $1,365,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. LifeSteps Financial Inc. bought a new position in shares of iShares Russell Mid-Cap ETF during the 1st quarter valued at approximately $25,000. Paladin Advisory Group LLC purchased a new stake in iShares Russell Mid-Cap ETF during the second quarter valued at about $27,000. Future Financial Wealth Managment LLC bought a new position in iShares Russell Mid-Cap ETF during the first quarter worth about $29,000. Financial Synergies Wealth Advisors Inc. increased its stake in shares of iShares Russell Mid-Cap ETF by 120.9% in the first quarter. Financial Synergies Wealth Advisors Inc. now owns 380 shares of the company’s stock worth $32,000 after purchasing an additional 208 shares in the last quarter. Finally, Sage Mountain Advisors LLC raised 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 purchasing an additional 136 shares during the period.

iShares Russell Mid-Cap ETF Trading Up 0.7 %

Shares of IWR stock opened at $86.68 on Tuesday. The firm’s 50 day moving average is $83.98 and its 200 day moving average is $82.42. iShares Russell Mid-Cap ETF has a 12 month low of $64.66 and a 12 month high of $86.91. The stock has a market capitalization of $35.81 billion, a P/E 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.