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

iShares Russell Mid-Cap ETF (NYSEARCA:IWR)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $110.76 and last traded at $110.66, with a volume of 492807 shares changing hands. The stock had previously closed at $110.32.

iShares Russell Mid-Cap ETF Price Performance

The firm’s 50-day moving average is $106.34 and its 200 day moving average is $101.96. The stock has a market cap of $55.83 billion, a price-to-earnings ratio of 21.00 and a beta of 1.00.

Institutional Trading of iShares Russell Mid-Cap ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. NFSG Corp raised its position in shares of iShares Russell Mid-Cap ETF by 93.1% in the 1st quarter. NFSG Corp now owns 280 shares of the company’s stock worth $27,000 after buying an additional 135 shares during the period. HFM Investment Advisors LLC acquired a new position in iShares Russell Mid-Cap ETF in the fourth quarter valued at $28,000. Frazier Financial Advisors LLC purchased a new stake in iShares Russell Mid-Cap ETF during the first quarter valued at about $31,000. KERR FINANCIAL PLANNING Corp purchased a new stake in iShares Russell Mid-Cap ETF during the third quarter valued at about $32,000. Finally, Reflection Asset Management acquired a new stake in iShares Russell Mid-Cap ETF during the fourth quarter worth about $33,000. 80.16% of the stock is currently owned by institutional investors and hedge funds.

iShares Russell Mid-Cap ETF Company Profile

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.