iShares Russell Mid-Cap ETF (NYSEARCA:IWR) Sees Large Volume Increase – Time to Buy?

iShares Russell Mid-Cap ETF (NYSEARCA:IWR) shares saw an uptick in trading volume on Thursday . 3,356,319 shares traded hands during mid-day trading, an increase of 92% from the previous session’s volume of 1,749,683 shares.The stock last traded at $96.30 and had previously closed at $95.97.

iShares Russell Mid-Cap ETF Stock Performance

The business has a fifty day simple moving average of $96.07 and a 200-day simple moving average of $91.57. The firm has a market cap of $45.45 billion, a price-to-earnings ratio of 21.00 and a beta of 1.09.

Institutional Investors Weigh In On iShares Russell Mid-Cap ETF

Institutional investors have recently made changes to their positions in the stock. Patton Fund Management Inc. grew its position in shares of iShares Russell Mid-Cap ETF by 2.3% in the 2nd quarter. Patton Fund Management Inc. now owns 165,655 shares of the company’s stock valued at $15,235,000 after buying an additional 3,707 shares during the last quarter. Kendall Capital Management bought a new stake in shares of iShares Russell Mid-Cap ETF during the 2nd quarter valued at about $533,000. Headlands Technologies LLC bought a new stake in shares of iShares Russell Mid-Cap ETF during the 1st quarter valued at about $44,000. American National Bank & Trust boosted its position in shares of iShares Russell Mid-Cap ETF by 7.0% during the 2nd quarter. American National Bank & Trust now owns 9,217 shares of the company’s stock valued at $848,000 after purchasing an additional 600 shares in the last quarter. Finally, Beacon Capital Management LLC boosted its position in shares of iShares Russell Mid-Cap ETF by 10.9% during the 2nd quarter. Beacon Capital Management LLC now owns 2,244 shares of the company’s stock valued at $206,000 after purchasing an additional 220 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.