iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) Reaches New 1-Year High – Here’s What Happened
by Kim Johansen · The Markets DailyiShares Russell Mid-Cap Value ETF (NYSEARCA:IWS – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $166.28 and last traded at $165.44, with a volume of 29755 shares trading hands. The stock had previously closed at $163.19.
iShares Russell Mid-Cap Value ETF Trading Up 2.1%
The stock has a market cap of $15.87 billion, a P/E ratio of 19.11 and a beta of 0.95. The company’s 50 day moving average price is $158.66 and its two-hundred day moving average price is $151.26.
Institutional Investors Weigh In On iShares Russell Mid-Cap Value ETF
A number of hedge funds have recently modified their holdings of the business. Basecamp Wealth Advisors LLC bought a new position in iShares Russell Mid-Cap Value ETF in the 1st quarter worth $44,000. NewEdge Advisors LLC increased its position in iShares Russell Mid-Cap Value ETF by 10.4% in the first quarter. NewEdge Advisors LLC now owns 85,023 shares of the company’s stock worth $12,391,000 after buying an additional 7,995 shares in the last quarter. Keel Point LLC raised its stake in shares of iShares Russell Mid-Cap Value ETF by 19.8% in the first quarter. Keel Point LLC now owns 6,835 shares of the company’s stock worth $996,000 after buying an additional 1,128 shares during the period. McIlrath & Eck LLC lifted its position in shares of iShares Russell Mid-Cap Value ETF by 19.5% during the 1st quarter. McIlrath & Eck LLC now owns 614 shares of the company’s stock valued at $89,000 after buying an additional 100 shares in the last quarter. Finally, Arkadios Wealth Advisors grew its stake in shares of iShares Russell Mid-Cap Value ETF by 6.9% during the 1st quarter. Arkadios Wealth Advisors now owns 14,613 shares of the company’s stock valued at $2,130,000 after acquiring an additional 939 shares during the period. Institutional investors own 80.17% of the company’s stock.
iShares Russell Mid-Cap Value ETF Company Profile
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.