Park Avenue Securities LLC Holds $716,000 in iShares Russell Mid-Cap ETF

Park Avenue Securities LLC has recently adjusted its holdings in the iShares Russell Mid-Cap ETF (NYSEARCA:IWR). During the third quarter, the institutional investor cut its position by 50.3%, resulting in ownership of 8,129 shares after selling 8,213 shares. As a result of these transactions, Park Avenue Securities LLC’s stake in the ETF was valued at approximately $716,000, according to their latest report filed with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the iShares Russell Mid-Cap ETF. For instance, Klingman & Associates LLC increased its holdings by 1.0% during the second quarter and now owns 12,564 shares of IWR, which are valued at around $1,019,000 following a purchase of an additional 122 shares. Similarly, Guidance Point Advisors LLC raised its stake by 2.9% during the same period, bringing its total to 4,365 shares valued at $354,000 after acquiring 123 shares.

Sage Mountain Advisors LLC also made a significant move by raising its stake by 50.9%, now owning 403 shares worth $33,000 after purchasing 136 additional shares. Advisory Resource Group increased its holdings by 2.4% in the first quarter, achieving ownership of 5,949 shares valued at $500,000 after acquiring an extra 138 shares. Lastly, International Assets Investment Management LLC boosted its interest in IWR by 4.9%, owning 3,080 shares that are valued at $250,000 following an acquisition of 145 shares.

Performance of the iShares Russell Mid-Cap ETF

As for the performance of the iShares Russell Mid-Cap ETF, the stock opened at $87.78 on Friday. At present, the ETF has a fifty-day moving average price of $85.36 and a two-hundred-day moving average price of $83.09. Over the past year, the ETF has seen a low of $64.66 and a high of $88.53. The current market capitalization of the iShares Russell Mid-Cap ETF stands at $36.26 billion, with a PE ratio of 20.27 and a beta of 1.02.

Overview of iShares Russell Mid-Cap ETF

The iShares Russell Mid-Cap ETF, previously known as the iShares Russell Midcap Index Fund, is an exchange-traded fund (ETF) designed to reflect the price and yield performance of the Russell Midcap Index. This index measures the performance of mid-capitalization companies within the United States equity market, providing investors with exposure to this segment of the market.

Park, Investment, ETFs