Cedarwood Wealth LLC Invests $573,000 in iShares Russell Mid-Cap ETF $IWR

Cedarwood Wealth LLC bought a new stake in iShares Russell Mid-Cap ETF (NYSEARCA:IWR) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 5,707 shares of the company’s stock, valued at approximately $573,000.

Other hedge funds have also made changes to their positions in the company. Bayban acquired a new position in iShares Russell Mid-Cap ETF in the 4th quarter valued at approximately $279,000. Pure Financial Advisors LLC grew its holdings in shares of iShares Russell Mid-Cap ETF by 21.8% during the 4th quarter. Pure Financial Advisors LLC now owns 3,603 shares of the company’s stock worth $347,000 after purchasing an additional 645 shares in the last quarter. Rehmann Capital Advisory Group grew its holdings in shares of iShares Russell Mid-Cap ETF by 179.3% during the 4th quarter. Rehmann Capital Advisory Group now owns 24,687 shares of the company’s stock worth $2,377,000 after purchasing an additional 15,849 shares in the last quarter. SHP Wealth Management acquired a new stake in shares of iShares Russell Mid-Cap ETF during the 4th quarter worth approximately $583,000. Finally, Reflection Asset Management bought a new stake in shares of iShares Russell Mid-Cap ETF during the fourth quarter valued at approximately $33,000. Institutional investors own 80.16% of the company’s stock.

iShares Russell Mid-Cap ETF Stock Performance

IWR opened at $108.54 on Friday. The stock’s 50 day simple moving average is $105.34 and its 200-day simple moving average is $101.31. The stock has a market cap of $54.60 billion, a PE ratio of 21.00 and a beta of 1.00. iShares Russell Mid-Cap ETF has a 1 year low of $88.83 and a 1 year high of $110.22.

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. The Index is a float-adjusted, capitalization-weighted index of the 800 smallest issuers in the Russell 1000 Index. The Index includes equity securities issued by issuers, which range in size between approximately $1.7 billion and $12 billion, though these amounts may change from time to time.