Summit Financial Group Inc. Sells 3,574 Shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR)

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Summit Financial Group Inc. lowered its position in shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR) by 10.3% during the third quarter, HoldingsChannel.com reports. The fund owned 31,038 shares of the company’s stock after selling 3,574 shares during the quarter. Summit Financial Group Inc.’s holdings in iShares Russell Mid-Cap ETF were worth $1,737,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of IWR. M&R Capital Management Inc. boosted its position in iShares Russell Mid-Cap ETF by 234.0% during the third quarter. M&R Capital Management Inc. now owns 668 shares of the company’s stock valued at $37,000 after acquiring an additional 468 shares during the last quarter. Personal Wealth Partners bought a new stake in iShares Russell Mid-Cap ETF during the second quarter valued at $39,000. Dividend Assets Capital LLC bought a new stake in iShares Russell Mid-Cap ETF during the second quarter valued at $50,000. Stonebridge Capital Advisors LLC bought a new stake in iShares Russell Mid-Cap ETF during the second quarter valued at $52,000. Finally, Marino Stram & Associates LLC bought a new stake in iShares Russell Mid-Cap ETF during the first quarter valued at $57,000.

IWR traded up $0.51 during trading on Wednesday, reaching $54.56. 379,176 shares of the stock traded hands, compared to its average volume of 1,695,071. The stock’s 50-day moving average is $55.53 and its 200 day moving average is $55.27. iShares Russell Mid-Cap ETF has a 12 month low of $43.64 and a 12 month high of $57.50.

The business also recently disclosed a — dividend, which was paid on Monday, September 30th. Stockholders of record on Wednesday, September 25th were given a dividend of $0.2099 per share. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a dividend yield of 1.6%.

iShares Russell Mid-Cap ETF 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.

Further Reading: Basic Economics

Want to see what other hedge funds are holding IWR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Russell Mid-Cap ETF (NYSEARCA:IWR).

Institutional Ownership by Quarter for iShares Russell Mid-Cap ETF (NYSEARCA:IWR)

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