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Small caps are not pricing in a recession, just a ‘mild’ manufacturing slump – BofA
Seeking Alpha News (Wed, 12-Mar 11:19 AM ET)
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 14, 2025, IWR stock price climbed to $84.49 with 469,743 million shares trading.
IWR has a beta of 0.94, meaning it tends to be less sensitive to market movements. IWR has a correlation of 0.72 to the broad based SPY ETF.
IWR has a market cap of $37.15 billion. This is considered a Large Cap stock.
In the last 3 years, IWR traded as high as $96.01 and as low as $60.73.
IWR has underperformed the market in the last year with a price return of +4.0% while the SPY ETF gained +10.0%. IWR has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -8.4% and -4.4%, respectively, while the SPY returned -6.9% and -4.2%, respectively.
IWR support price is $81.79 and resistance is $83.83 (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 shares will trade within this expected range on the day.