iShares Russell Mid-Cap ETF (NYSEARCA:IWR) Sets New 1-Year High – Should You Buy?
by Mitch Edgeman · The Markets DailyiShares Russell Mid-Cap ETF (NYSEARCA:IWR – Get Free Report)’s stock price reached a new 52-week high on Friday . The company traded as high as $108.66 and last traded at $108.52, with a volume of 398976 shares traded. The stock had previously closed at $107.72.
iShares Russell Mid-Cap ETF Trading Up 0.6%
The stock has a market capitalization of $54.54 billion, a P/E ratio of 21.00 and a beta of 1.00. The company’s 50-day moving average is $104.17 and its two-hundred day moving average is $100.81.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NFSG Corp raised its stake 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 stake in shares of iShares Russell Mid-Cap ETF in the 4th quarter worth about $28,000. Frazier Financial Advisors LLC bought a new stake in iShares Russell Mid-Cap ETF during the 1st quarter worth about $31,000. KERR FINANCIAL PLANNING Corp acquired a new stake in iShares Russell Mid-Cap ETF during the 3rd quarter worth approximately $32,000. Finally, Reflection Asset Management acquired a new stake in iShares Russell Mid-Cap ETF during the 4th quarter worth approximately $33,000. 80.16% of the stock is owned by hedge funds and other institutional investors.
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. 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.