iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) Hits New 12-Month High – Still a Buy?

Shares of iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $155.29 and last traded at $154.86, with a volume of 13718 shares. The stock had previously closed at $153.89.

iShares Russell Mid-Cap Value ETF Price Performance

The business has a fifty day simple moving average of $149.57 and a 200 day simple moving average of $144.54. The firm has a market cap of $14.86 billion, a price-to-earnings ratio of 19.11 and a beta of 0.98.

Institutional Investors Weigh In On iShares Russell Mid-Cap Value ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cassaday & Co Wealth Management LLC increased its holdings in shares of iShares Russell Mid-Cap Value ETF by 1.6% in the third quarter. Cassaday & Co Wealth Management LLC now owns 992,566 shares of the company’s stock valued at $138,632,000 after purchasing an additional 15,603 shares during the last quarter. First Citizens Bank & Trust Co. increased its holdings in shares of iShares Russell Mid-Cap Value ETF by 3.1% in the third quarter. First Citizens Bank & Trust Co. now owns 2,698,999 shares of the company’s stock valued at $376,969,000 after purchasing an additional 80,032 shares during the last quarter. First Horizon Corp acquired a new stake in shares of iShares Russell Mid-Cap Value ETF in the third quarter valued at approximately $11,141,000. Anchor Capital Advisors LLC increased its holdings in shares of iShares Russell Mid-Cap Value ETF by 10.5% in the third quarter. Anchor Capital Advisors LLC now owns 214,223 shares of the company’s stock valued at $29,920,000 after purchasing an additional 20,298 shares during the last quarter. Finally, Assetmark Inc. increased its holdings in shares of iShares Russell Mid-Cap Value ETF by 1,496.5% in the third quarter. Assetmark Inc. now owns 98,487 shares of the company’s stock valued at $13,756,000 after purchasing an additional 92,318 shares during the last quarter. Institutional investors and hedge funds 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.