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

Park Avenue Securities LLC has significantly adjusted its investment in the iShares Russell Mid-Cap ETF (NYSEARCA:IWR). During the third quarter, the firm reduced its holdings by 50.3%, resulting in ownership of 8,129 shares after selling 8,213 shares. This brings the total value of their investment in IWR to approximately $716,000, as indicated in their latest SEC filing.

A number of other institutional investors and hedge funds have also modified their investments in the iShares Russell Mid-Cap ETF. For instance, Klingman & Associates LLC increased its position by 1.0% in the second quarter. They now hold 12,564 shares valued at $1,019,000 after acquiring 122 additional shares. Similarly, Guidance Point Advisors LLC raised its stake by 2.9% during the same period, holding now 4,365 shares worth $354,000 after purchasing 123 more shares.

Sage Mountain Advisors LLC made a substantial increase of 50.9% in their stake during the second quarter, resulting in ownership of 403 shares valued at $33,000 following the addition of 136 shares. Advisory Resource Group also increased their investment by 2.4% in the first quarter, acquiring 138 more shares to own a total of 5,949 shares valued at $500,000.

International Assets Investment Management LLC boosted its stake by 4.9% in the second quarter, ending up with 3,080 shares worth $250,000 after acquiring 145 additional shares.

Performance Overview of iShares Russell Mid-Cap ETF

The iShares Russell Mid-Cap ETF opened at a price of $87.78 recently. The stock has a fifty-day moving average of $85.36 and a two-hundred-day moving average of $83.09. Over the last year, its value has fluctuated between a low of $64.66 and a high of $88.53. With a market cap of $36.26 billion, the ETF has a price-to-earnings ratio of 20.27 and a beta of 1.02, indicating its correlation with market movements.

About iShares Russell Mid-Cap ETF

The iShares Russell Mid-Cap ETF is designed to track the performance of the Russell Midcap Index, which measures the performance of mid-cap companies in the U.S. equity market. This exchange-traded fund aims to reflect the price and yield performance of this specific index, making it an important tool for investors seeking exposure to mid-sized corporations.

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