iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) Reaches New 1-Year High – Here’s Why

iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS)’s share price reached a new 52-week high on Tuesday . The company traded as high as $152.66 and last traded at $152.26, with a volume of 296457 shares trading hands. The stock had previously closed at $152.07.

iShares Russell Mid-Cap Value ETF Stock Up 0.1%

The firm has a 50 day moving average of $145.14 and a 200 day moving average of $140.51. The firm has a market cap of $15.14 billion, a PE ratio of 19.11 and a beta of 1.02.

Hedge Funds Weigh In On iShares Russell Mid-Cap Value ETF

Several large investors have recently modified their holdings of the business. Bank of America Corp DE lifted its position in shares of iShares Russell Mid-Cap Value ETF by 0.4% during the second quarter. Bank of America Corp DE now owns 3,759,738 shares of the company’s stock worth $496,812,000 after acquiring an additional 16,361 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of iShares Russell Mid-Cap Value ETF by 1,160.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,565,153 shares of the company’s stock worth $502,865,000 after buying an additional 3,282,372 shares in the last quarter. TIAA Trust National Association boosted its stake in iShares Russell Mid-Cap Value ETF by 1.0% during the third quarter. TIAA Trust National Association now owns 3,427,479 shares of the company’s stock valued at $478,709,000 after buying an additional 34,466 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in iShares Russell Mid-Cap Value ETF by 1.2% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 2,856,534 shares of the company’s stock worth $402,914,000 after acquiring an additional 33,247 shares during the last quarter. Finally, First Citizens Bank & Trust Co. grew its holdings in shares of iShares Russell Mid-Cap Value ETF by 3.1% during the third quarter. First Citizens Bank & Trust Co. now owns 2,698,999 shares of the company’s stock worth $376,969,000 after purchasing an additional 80,032 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.