IWR Stock Summary and Trading Ideas (iShares Russell Mid-Cap ETF | ARCA:IWR)

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 April 18, 2024, IWR stock price declined to $78.71 with 1,332,139 million shares trading.

IWR has a beta of 1.12, meaning it tends to be more sensitive to market movements. IWR has a correlation of 0.81 to the broad based SPY ETF.

IWR has a market cap of $32.29 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 +13.8% while the SPY ETF gained +22.2%. IWR has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +4.1% and -4.1%, respectively, while the SPY returned +5.2% and -2.6%, respectively.

IWR support price is $78.06 and resistance is $79.58 (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.