iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) Sets New 52-Week High – Still a Buy?

Shares of iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $149.33 and last traded at $148.8640, with a volume of 362848 shares changing hands. The stock had previously closed at $146.23.

iShares Russell Mid-Cap Value ETF Price Performance

The stock has a market capitalization of $14.96 billion, a P/E ratio of 19.11 and a beta of 1.02. The stock has a fifty day moving average price of $142.17 and a 200 day moving average price of $139.15.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its position in shares of iShares Russell Mid-Cap Value ETF by 0.4% in the second quarter. Bank of America Corp DE now owns 3,759,738 shares of the company’s stock valued at $496,812,000 after acquiring an additional 16,361 shares during the period. TIAA Trust National Association increased its holdings in iShares Russell Mid-Cap Value ETF by 1.0% during the 3rd quarter. TIAA Trust National Association now owns 3,427,479 shares of the company’s stock worth $478,709,000 after acquiring an additional 34,466 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in iShares Russell Mid-Cap Value ETF by 1.7% in the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 2,823,287 shares of the company’s stock worth $394,329,000 after purchasing an additional 48,211 shares in the last quarter. First Citizens Bank & Trust Co. boosted its holdings in iShares Russell Mid-Cap Value ETF by 3.1% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 2,698,999 shares of the company’s stock valued at $376,969,000 after purchasing an additional 80,032 shares during the period. Finally, Ameriprise Financial Inc. grew its position in shares of iShares Russell Mid-Cap Value ETF by 3.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,128,123 shares of the company’s stock valued at $149,477,000 after purchasing an additional 36,938 shares in the last quarter. Hedge funds and other institutional investors own 80.17% of the company’s stock.

About iShares Russell Mid-Cap Value ETF

iShares Russell Mid-Cap Value ETF (the Fund), formerly iShares Russell Midcap Value 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 Value Index (the Value Index). The Value Index measures the performance of the mid-capitalization value sector of the United States equity market. The Value Index is a subset of the Russell Midcap Index and measures the performance of equity securities issued by those Russell Midcap Index companies with relatively lower price-to-book ratios and lower forecasted growth.