iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) Sets New 12-Month High – Time to Buy?

iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $150.26 and last traded at $149.7550, with a volume of 70386 shares trading hands. The stock had previously closed at $148.46.

iShares Russell Mid-Cap Value ETF Stock Up 1.2%

The stock has a market capitalization of $14.98 billion, a PE ratio of 19.11 and a beta of 1.02. The firm’s fifty day moving average price is $144.37 and its two-hundred day moving average price is $140.11.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of IWS. Meridian Wealth Management LLC grew its stake in shares of iShares Russell Mid-Cap Value ETF by 19.8% during the 4th quarter. Meridian Wealth Management LLC now owns 10,399 shares of the company’s stock valued at $1,467,000 after purchasing an additional 1,719 shares during the period. Money Concepts Capital Corp boosted its holdings in shares of iShares Russell Mid-Cap Value ETF by 4.5% in the fourth quarter. Money Concepts Capital Corp now owns 457,119 shares of the company’s stock worth $64,477,000 after buying an additional 19,820 shares during the last quarter. Valeo Financial Advisors LLC grew its position in iShares Russell Mid-Cap Value ETF by 31.5% during the fourth quarter. Valeo Financial Advisors LLC now owns 4,643 shares of the company’s stock valued at $655,000 after buying an additional 1,113 shares during the period. Pure Financial Advisors LLC grew its position in iShares Russell Mid-Cap Value ETF by 1.2% during the fourth quarter. Pure Financial Advisors LLC now owns 11,443 shares of the company’s stock valued at $1,614,000 after buying an additional 140 shares during the period. Finally, Bryn Mawr Trust Advisors LLC increased its holdings in iShares Russell Mid-Cap Value ETF by 51.8% during the fourth quarter. Bryn Mawr Trust Advisors LLC now owns 5,673 shares of the company’s stock valued at $800,000 after buying an additional 1,937 shares during the last quarter. Institutional investors own 80.17% of the company’s stock.

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.