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

Park Avenue Securities LLC has adjusted its investment in the iShares Russell Mid-Cap ETF (NYSEARCA:IWR), reducing its stake by 50.3% during the third quarter of the year. According to recent filings, the firm now owns 8,129 shares of this exchange-traded fund (ETF), after selling off 8,213 shares in the process. As of the latest report, these shares are valued at approximately $716,000.

Changes in Institutional Investments

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

Additionally, Sage Mountain Advisors LLC has significantly raised its stake by 50.9%, now owning 403 shares valued around $33,000 after acquiring 136 more shares. Meanwhile, Advisory Resource Group boosted its position by 2.4% in the first quarter, increasing its ownership to 5,949 shares, which are valued at $500,000 after obtaining 138 additional shares.

International Assets Investment Management LLC also saw an increase in its investment during the second quarter, enhancing its stake by 4.9% to hold 3,080 shares worth $250,000 after buying 145 more shares.

Performance of iShares Russell Mid-Cap ETF

The iShares Russell Mid-Cap ETF opened on Friday at $87.78. The ETF has shown considerable price movement, with a fifty-day moving average set at $85.36 and a two-hundred-day moving average at $83.09. Over the past year, the ETF has experienced a lowest price of $64.66 and a highest price of $88.53. It currently holds a market capitalization of $36.26 billion, a price-to-earnings (PE) ratio of 20.27, and a beta of 1.02, indicating its volatility compared to the market.

Understanding iShares Russell Mid-Cap ETF

The iShares Russell Mid-Cap ETF, previously known as the iShares Russell Midcap Index Fund, aims to track the performance of the Russell Midcap Index. This index measures the performance of mid-sized companies within the U.S. equity market, making this ETF a popular choice for investors looking to gain exposure to this sector.

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