iShares Russell Mid-Cap ETF (NYSEARCA:IWR) Reaches New 1-Year High – Here’s What Happened

iShares Russell Mid-Cap ETF (NYSEARCA:IWR) reached a new 52-week high during trading on Friday . The stock traded as high as $103.38 and last traded at $102.6280, with a volume of 687910 shares traded. The stock had previously closed at $102.22.

iShares Russell Mid-Cap ETF Price Performance

The company has a market cap of $49.08 billion, a PE ratio of 21.00 and a beta of 1.06. The stock’s 50-day moving average is $99.49 and its 200 day moving average is $97.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. HFM Investment Advisors LLC purchased a new stake in iShares Russell Mid-Cap ETF in the fourth quarter valued at about $28,000. HHM Wealth Advisors LLC acquired a new position in shares of iShares Russell Mid-Cap ETF during the second quarter valued at about $29,000. KERR FINANCIAL PLANNING Corp acquired a new stake in iShares Russell Mid-Cap ETF in the 3rd quarter worth approximately $32,000. Traub Capital Management LLC acquired a new stake in iShares Russell Mid-Cap ETF in the 2nd quarter worth approximately $37,000. Finally, Smartleaf Asset Management LLC grew its position in iShares Russell Mid-Cap ETF by 192.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 400 shares of the company’s stock worth $39,000 after purchasing an additional 263 shares during the last quarter. 80.16% of the stock is currently owned by hedge funds and other institutional investors.

iShares Russell Mid-Cap ETF Company Profile

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.