This article first appeared on GuruFocus.
iShares Russell Mid-Cap ETF (IWR) extended a one-sided stretch of ETF activity in Monday’s session, adding $317.3 million in gross purchases against no sales. The fund increased 801 positions and decreased none, with net buying matching the gross figure of $317.3 million. The trades represent a small slice of the fund’s $57.76 billion in assets.
See which funds are buying and selling on GuruFocus ETF Trends, or find and compare funds with the ETF Screener.
What did IWR buy on Monday?
Its largest buys by dollar value were MPC ($3.3 million), PSX ($2.7 million) and SNOW ($2.7 million).
Marathon Petroleum led the buys with 7,021 shares added, worth $3.3 million and representing 1.02% of assets. Phillips 66 followed with 9,499 shares purchased for $2.7 million at a 0.85% weight, while Snowflake rose by 7,965 shares, also valued at $2.7 million and 0.83% of assets. Cloudflare Class A added 7,611 shares for $2.5 million at 0.78%, and Datadog Class A gained 7,788 shares worth $2.2 million at 0.68%. None of the top buys were new positions, and the fund reported no sellouts.
How does IWR invest?
iShares Russell Mid-Cap ETF (IWR) is an equity US small- and mid-cap fund holding 811 stocks, with 6.8% of assets in its 10 largest holdings. Technology accounts for 18.8% of classified stocks, Industrials 15.1% and Financial Services 12.9%, while the market-cap mix is 87.8% large cap, 12.1% mid cap and 0.1% small cap. It charges an expense ratio of 0.18%, and its top holdings are Marathon Petroleum at 1.02%, Phillips 66 at 0.85%, Snowflake at 0.83%, Cloudflare Class A at 0.78% and Datadog Class A at 0.68%. The fund has a GF Score of 77, a P/E of 18.83, a P/B of 2.59, a dividend yield of 1.19% and a year-to-date return of 15.56%.
iShares Russell Mid-Cap ETF (IWR) at a glance
Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
