iShares Russell Mid-Cap ETF (NYSEARCA:IWR) Sees Strong Trading Volume – Here’s Why

Shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR) saw an uptick in trading volume on Friday . 2,495,857 shares changed hands during trading, an increase of 80% from the previous session’s volume of 1,388,312 shares.The stock last traded at $84.88 and had previously closed at $86.06.

iShares Russell Mid-Cap ETF Stock Performance

The company has a market cap of $37.87 billion, a P/E ratio of 20.81 and a beta of 1.13. The business’s fifty day moving average is $89.34 and its two-hundred day moving average is $89.79.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Jones Financial Companies Lllp raised its stake in shares of iShares Russell Mid-Cap ETF by 44.7% during the 4th quarter. Jones Financial Companies Lllp now owns 62,207,278 shares of the company’s stock valued at $5,499,123,000 after buying an additional 19,216,938 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in iShares Russell Mid-Cap ETF by 2.7% in the fourth quarter. Wells Fargo & Company MN now owns 34,162,440 shares of the company’s stock valued at $3,019,960,000 after acquiring an additional 894,376 shares during the period. Northern Trust Corp boosted its position in iShares Russell Mid-Cap ETF by 1.1% in the 4th quarter. Northern Trust Corp now owns 9,295,433 shares of the company’s stock worth $821,716,000 after purchasing an additional 105,087 shares in the last quarter. Baird Financial Group Inc. grew its stake in shares of iShares Russell Mid-Cap ETF by 0.8% during the 4th quarter. Baird Financial Group Inc. now owns 8,076,087 shares of the company’s stock worth $713,926,000 after purchasing an additional 61,342 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of iShares Russell Mid-Cap ETF by 2.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,059,914 shares of the company’s stock valued at $622,261,000 after purchasing an additional 198,719 shares in the last quarter.

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.