iShares Russell Mid-Cap ETF (NYSEARCA:IWR) Reaches New 52-Week High – Should You Buy?

iShares Russell Mid-Cap ETF (NYSEARCA:IWR) shares reached a new 52-week high on Tuesday . The company traded as high as $100.53 and last traded at $100.46, with a volume of 348922 shares traded. The stock had previously closed at $100.12.

iShares Russell Mid-Cap ETF Trading Up 0.6%

The stock’s fifty day simple moving average is $96.78 and its 200 day simple moving average is $95.71. The company has a market cap of $48.59 billion, a price-to-earnings ratio of 21.00 and a beta of 1.06.

Hedge Funds Weigh In On iShares Russell Mid-Cap ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC grew its holdings in iShares Russell Mid-Cap ETF by 4.2% in the 4th quarter. Brighton Jones LLC now owns 104,524 shares of the company’s stock valued at $9,240,000 after buying an additional 4,189 shares in the last quarter. Revolve Wealth Partners LLC acquired a new position in shares of iShares Russell Mid-Cap ETF during the 4th quarter valued at about $323,000. Rhumbline Advisers grew its holdings in shares of iShares Russell Mid-Cap ETF by 39.8% in the first quarter. Rhumbline Advisers now owns 16,418 shares of the company’s stock valued at $1,397,000 after purchasing an additional 4,677 shares during the period. Apella Capital LLC acquired a new stake in iShares Russell Mid-Cap ETF during the second quarter worth about $218,000. Finally, MassMutual Private Wealth & Trust FSB increased its position in iShares Russell Mid-Cap ETF by 105.4% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 18,541 shares of the company’s stock worth $1,705,000 after purchasing an additional 9,514 shares during the last quarter. Hedge funds and other institutional investors own 80.16% of the company’s stock.

About iShares Russell Mid-Cap ETF

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. The Index is a float-adjusted, capitalization-weighted index of the 800 smallest issuers in the Russell 1000 Index. The Index includes equity securities issued by issuers, which range in size between approximately $1.7 billion and $12 billion, though these amounts may change from time to time.