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

In the third quarter, Park Avenue Securities LLC significantly reduced its stake in the iShares Russell Mid-Cap ETF (NYSEARCA:IWR – Free Report) by 50.3%. According to Holdings Channel, the firm now owns 8,129 shares after divesting 8,213 shares during this period. As per the latest SEC filing, Park Avenue Securities LLC's total holdings in the ETF are valued at $716,000.

Other institutional investors and hedge funds have made various adjustments to their investments in the iShares Russell Mid-Cap ETF as well. For instance, Klingman & Associates LLC increased its holdings by 1.0% in the second quarter, bringing its total to 12,564 shares, which are now worth $1,019,000 following the purchase of 122 additional shares. Guidance Point Advisors LLC also raised its stake by 2.9%, now owning 4,365 shares valued at $354,000 after acquiring 123 shares.

Sage Mountain Advisors LLC made a notable increase of 50.9% in its ownership during the second quarter, now possessing 403 shares worth $33,000 after a purchase of 136 additional shares. Furthermore, Advisory Resource Group raised its investment by 2.4% in the first quarter, increasing its holdings to 5,949 shares valued at $500,000 after acquiring 138 shares. Lastly, International Assets Investment Management LLC boosted its stake by 4.9% in the second quarter, and now owns 3,080 shares valued at $250,000 after acquiring 145 shares during the previous quarter.

Performance Overview of iShares Russell Mid-Cap ETF

The iShares Russell Mid-Cap ETF saw its shares open at $87.78 on a recent trading day. The ETF has a fifty-day moving average price of $85.36 and a two-hundred-day moving average priced at $83.09. Over the last year, the fund recorded a low of $64.66 and a high of $88.53. The ETF boasts a market capitalization of $36.26 billion, a price-to-earnings (PE) ratio of 20.27, and a beta of 1.02, indicating a near-average level of volatility compared to the broader market.

About iShares Russell Mid-Cap ETF

The iShares Russell Mid-Cap ETF (previously known as the iShares Russell Midcap Index Fund) is designed to track the performance of the Russell Midcap Index. This index specifically measures the performance of mid-capitalization stocks within the U.S. equity market, making this ETF a popular investment choice for those seeking exposure in the mid-cap sector.

investment, finance, ETF