iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS – Get Free Report)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $171.84 and last traded at $171.57, with a volume of 20760 shares. The stock had previously closed at $171.04.
iShares Russell Mid-Cap Value ETF Stock Performance
The company has a fifty day moving average price of $165.14 and a two-hundred day moving average price of $156.57. The company has a market cap of $15.99 billion, a P/E ratio of 19.11 and a beta of 0.95.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN grew its stake in shares of iShares Russell Mid-Cap Value ETF by 4.4% in the fourth quarter. Wells Fargo & Company MN now owns 3,917,401 shares of the company’s stock valued at $552,549,000 after buying an additional 165,686 shares in the last quarter. Bank of America Corp DE raised its position in iShares Russell Mid-Cap Value ETF by 0.4% during the second quarter. Bank of America Corp DE now owns 3,759,738 shares of the company’s stock worth $496,812,000 after acquiring an additional 16,361 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in iShares Russell Mid-Cap Value ETF by 1,160.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,565,153 shares of the company’s stock worth $502,865,000 after acquiring an additional 3,282,372 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in iShares Russell Mid-Cap Value ETF by 1.2% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 2,856,534 shares of the company’s stock valued at $402,914,000 after acquiring an additional 33,247 shares during the last quarter. Finally, First Citizens Bank & Trust Co. lifted its stake in iShares Russell Mid-Cap Value ETF by 1.2% in the fourth quarter. First Citizens Bank & Trust Co. now owns 2,732,375 shares of the company’s stock valued at $385,401,000 after acquiring an additional 33,376 shares during the last quarter. 80.17% of the stock is currently owned by institutional investors.
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.
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