iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) Reaches New 1-Year High – Time to Buy?

iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS)’s share price hit a new 52-week high on Thursday . The stock traded as high as $167.09 and last traded at $167.03, with a volume of 59558 shares traded. The stock had previously closed at $165.33.

iShares Russell Mid-Cap Value ETF Price Performance

The company has a market cap of $15.72 billion, a price-to-earnings ratio of 19.11 and a beta of 0.95. The firm has a 50 day simple moving average of $161.58 and a 200-day simple moving average of $153.69.

Institutional Trading of iShares Russell Mid-Cap Value ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. raised its holdings in iShares Russell Mid-Cap Value ETF by 1,160.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,565,153 shares of the company’s stock valued at $502,865,000 after buying an additional 3,282,372 shares during the period. Align Financial LLC purchased a new position in iShares Russell Mid-Cap Value ETF during the fourth quarter worth about $31,613,000. BNP Paribas Financial Markets increased its position in shares of iShares Russell Mid-Cap Value ETF by 397.2% during the second quarter. BNP Paribas Financial Markets now owns 248,581 shares of the company’s stock valued at $32,847,000 after acquiring an additional 198,581 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of iShares Russell Mid-Cap Value ETF by 4.4% during the fourth quarter. Wells Fargo & Company MN now owns 3,917,401 shares of the company’s stock valued at $552,549,000 after acquiring an additional 165,686 shares during the last quarter. Finally, Arax Advisory Partners purchased a new stake in shares of iShares Russell Mid-Cap Value ETF in the 4th quarter valued at approximately $19,302,000. 80.17% of the stock is owned by institutional investors and hedge funds.

iShares Russell Mid-Cap Value ETF Company Profile

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.