iShares Russell Mid-Cap ETF (NYSEARCA:IWR) Reaches New 52-Week High – Still a Buy?

iShares Russell Mid-Cap ETF (NYSEARCA:IWR)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $111.49 and last traded at $111.37, with a volume of 122977 shares changing hands. The stock had previously closed at $111.08.

iShares Russell Mid-Cap ETF Price Performance

The stock’s 50-day simple moving average is $109.14 and its 200 day simple moving average is $104.13. The stock has a market capitalization of $56.96 billion, a P/E ratio of 21.00 and a beta of 1.00.

Institutional Trading of iShares Russell Mid-Cap ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. NFSG Corp lifted its position in iShares Russell Mid-Cap ETF by 93.1% during the first quarter. NFSG Corp now owns 280 shares of the company’s stock worth $27,000 after acquiring an additional 135 shares during the last quarter. HFM Investment Advisors LLC bought a new position in shares of iShares Russell Mid-Cap ETF during the fourth quarter worth approximately $28,000. Frazier Financial Advisors LLC bought a new position in shares of iShares Russell Mid-Cap ETF during the first quarter worth approximately $31,000. Reflection Asset Management acquired a new stake in iShares Russell Mid-Cap ETF during the 4th quarter worth approximately $33,000. Finally, Scarborough Advisors LLC acquired a new stake in iShares Russell Mid-Cap ETF during the 1st quarter worth approximately $38,000. Institutional investors own 80.16% of the company’s stock.

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.