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

iShares Russell Mid-Cap ETF (NYSEARCA:IWR)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $103.43 and last traded at $103.4270, with a volume of 1950527 shares changing hands. The stock had previously closed at $102.63.

iShares Russell Mid-Cap ETF Trading Up 0.8%

The firm has a market capitalization of $49.47 billion, a PE ratio of 21.00 and a beta of 1.06. The business has a 50-day moving average of $99.91 and a 200 day moving average of $97.27.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Jones Financial Companies Lllp boosted its holdings in shares of iShares Russell Mid-Cap ETF by 8.1% in the third quarter. Jones Financial Companies Lllp now owns 75,344,008 shares of the company’s stock worth $7,245,741,000 after acquiring an additional 5,633,614 shares during the period. Bank of America Corp DE grew its holdings in iShares Russell Mid-Cap ETF by 6.6% during the 4th quarter. Bank of America Corp DE now owns 66,569,630 shares of the company’s stock valued at $6,408,658,000 after buying an additional 4,145,765 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new stake in shares of iShares Russell Mid-Cap ETF in the third quarter worth about $285,568,000. Bank of New York Mellon Corp boosted its position in shares of iShares Russell Mid-Cap ETF by 23.5% in the second quarter. Bank of New York Mellon Corp now owns 9,899,322 shares of the company’s stock valued at $910,441,000 after acquiring an additional 1,880,984 shares during the period. Finally, Wells Fargo & Company MN boosted its position in shares of iShares Russell Mid-Cap ETF by 3.6% in the fourth quarter. Wells Fargo & Company MN now owns 41,686,088 shares of the company’s stock valued at $4,013,120,000 after acquiring an additional 1,438,369 shares during the period. Institutional investors own 80.16% of the company’s stock.

About iShares Russell Mid-Cap ETF

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.