iShares Russell Mid-Cap ETF (NYSEARCA:IWR) Sets New 1-Year High – Should You Buy?

iShares Russell Mid-Cap ETF (NYSEARCA:IWRGet Free Report) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $108.66 and last traded at $108.52, with a volume of 398976 shares. The stock had previously closed at $107.72.

iShares Russell Mid-Cap ETF Trading Up 0.6%

The business has a fifty day moving average price of $104.17 and a 200-day moving average price of $100.81. The stock has a market capitalization of $54.54 billion, a PE ratio of 21.00 and a beta of 1.00.

Institutional Investors Weigh In On iShares Russell Mid-Cap ETF

Institutional investors have recently bought and sold shares of the stock. NFSG Corp raised its position in iShares Russell Mid-Cap ETF by 93.1% during the 1st quarter. NFSG Corp now owns 280 shares of the company’s stock valued at $27,000 after purchasing an additional 135 shares during the last quarter. HFM Investment Advisors LLC bought a new position in iShares Russell Mid-Cap ETF during the 4th quarter valued at approximately $28,000. Frazier Financial Advisors LLC bought a new position in iShares Russell Mid-Cap ETF during the 1st quarter valued at approximately $31,000. KERR FINANCIAL PLANNING Corp bought a new position in iShares Russell Mid-Cap ETF during the 3rd quarter valued at approximately $32,000. Finally, Reflection Asset Management bought a new position in iShares Russell Mid-Cap ETF during the 4th quarter valued at approximately $33,000. 80.16% of the stock is currently owned by hedge funds and other institutional investors.

About iShares Russell Mid-Cap ETF

(Get Free Report)

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.

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