iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) Sets New 52-Week High – Should You Buy?

iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $168.96 and last traded at $168.76, with a volume of 45542 shares traded. The stock had previously closed at $167.48.

iShares Russell Mid-Cap Value ETF Stock Down 0.9%

The firm has a 50-day moving average of $163.51 and a two-hundred day moving average of $155.32. The stock has a market capitalization of $15.65 billion, a price-to-earnings ratio of 19.11 and a beta of 0.95.

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

A number of large investors have recently made changes to their positions in IWS. Processus Wealth & Capital Management LLC lifted its position in shares of iShares Russell Mid-Cap Value ETF by 1.6% in the second quarter. Processus Wealth & Capital Management LLC now owns 46,612 shares of the company’s stock worth $7,672,000 after purchasing an additional 714 shares in the last quarter. Abound Wealth Management grew its position in iShares Russell Mid-Cap Value ETF by 135.3% during the second quarter. Abound Wealth Management now owns 240 shares of the company’s stock valued at $40,000 after purchasing an additional 138 shares in the last quarter. Ocean Park Asset Management LLC purchased a new position in iShares Russell Mid-Cap Value ETF during the second quarter valued at approximately $684,000. City Holding Co. increased its stake in iShares Russell Mid-Cap Value ETF by 5.4% in the 2nd quarter. City Holding Co. now owns 28,459 shares of the company’s stock valued at $4,684,000 after buying an additional 1,455 shares during the period. Finally, Wealthcare Advisory Partners LLC increased its stake in iShares Russell Mid-Cap Value ETF by 3.8% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 7,393 shares of the company’s stock valued at $1,217,000 after buying an additional 269 shares during the period. Institutional investors and hedge funds 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.