iShares Russell Mid-Cap ETF (NYSEARCA:IWR) Hits New 1-Year High – Time to Buy?

iShares Russell Mid-Cap ETF (NYSEARCA:IWR)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $101.73 and last traded at $101.3020, with a volume of 493854 shares traded. The stock had previously closed at $100.86.

iShares Russell Mid-Cap ETF Stock Performance

The company has a market capitalization of $47.92 billion, a P/E ratio of 21.00 and a beta of 1.06. The business has a 50 day moving average of $97.49 and a 200-day moving average of $96.06.

Hedge Funds Weigh In On iShares Russell Mid-Cap ETF

A number of hedge funds have recently bought and sold shares of IWR. Jones Financial Companies Lllp lifted its stake in shares of iShares Russell Mid-Cap ETF by 8.1% in the third quarter. Jones Financial Companies Lllp now owns 75,344,008 shares of the company’s stock worth $7,245,741,000 after buying an additional 5,633,614 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new stake in iShares Russell Mid-Cap ETF during the 3rd quarter valued at $285,568,000. Bank of New York Mellon Corp increased its holdings in shares of iShares Russell Mid-Cap ETF by 23.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 9,899,322 shares of the company’s stock worth $910,441,000 after purchasing an additional 1,880,984 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of iShares Russell Mid-Cap ETF by 186.3% in the second quarter. BNP Paribas Financial Markets now owns 764,638 shares of the company’s stock worth $70,324,000 after purchasing an additional 497,601 shares during the last quarter. Finally, NorthRock Partners LLC lifted its holdings in shares of iShares Russell Mid-Cap ETF by 1,296.2% during the third quarter. NorthRock Partners LLC now owns 533,490 shares of the company’s stock valued at $51,508,000 after purchasing an additional 495,279 shares in the last quarter. 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.