18-Mar-2024
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The iShares Russell Midcap Index Fund seeks investment results that correspond generally to the price and yield performance before fees and expenses of the mid-capitalization sector of the U.S. equity market as represented by the Russell Midcap Index. The index represents the 800 smallest companies in the Russell 1000 Index.
iShares Russell Mid-Cap ETF trades on the ARCA stock market under the symbol IWR.
As of March 18, 2024, IWR stock price climbed to $81.47 with 803,614 million shares trading.
IWR has a beta of 1.21, meaning it tends to be more sensitive to market movements. IWR has a correlation of 0.77 to the broad based SPY ETF.
IWR has a market cap of $32.10 billion. This is considered a Large Cap stock.
In the last 3 years, IWR stock traded as high as $85.55 and as low as $60.73.
IWR has underperformed the market in the last year with a price return of +23.7% while the SPY ETF gained +33.9%. IWR has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +6.4% and +0.1%, respectively, while the SPY returned +9.6% and +0.3%, respectively.
IWR support price is $80.83 and resistance is $81.85 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IWR stock will trade within this expected range on the day.