iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) Sets New 52-Week High – Here’s Why

by · The Cerbat Gem

iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS – Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $145.12 and last traded at $144.8990, with a volume of 68585 shares changing hands. The stock had previously closed at $144.36.

iShares Russell Mid-Cap Value ETF Stock Up 0.9%

The company’s fifty day simple moving average is $140.53 and its two-hundred day simple moving average is $138.17. The company has a market capitalization of $14.83 billion, a price-to-earnings ratio of 19.11 and a beta of 1.02.

Hedge Funds Weigh In On iShares Russell Mid-Cap Value ETF

Several institutional investors have recently modified their holdings of the business. Clearstead Trust LLC acquired a new stake in iShares Russell Mid-Cap Value ETF during the 2nd quarter worth approximately $25,000. Clean Yield Group acquired a new stake in shares of iShares Russell Mid-Cap Value ETF during the third quarter worth $25,000. Westside Investment Management Inc. lifted its position in iShares Russell Mid-Cap Value ETF by 108.3% in the 2nd quarter. Westside Investment Management Inc. now owns 200 shares of the company’s stock valued at $27,000 after acquiring an additional 104 shares in the last quarter. Financial Consulate Inc. acquired a new position in iShares Russell Mid-Cap Value ETF in the 3rd quarter worth $29,000. Finally, Rossmore Private Capital bought a new position in iShares Russell Mid-Cap Value ETF during the 3rd quarter worth about $29,000. Institutional investors own 80.17% of the company’s stock.

About iShares Russell Mid-Cap Value ETF

(Get Free Report)

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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