iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) Sets New 1-Year High – Here’s Why

iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) reached a new 52-week high on Friday . The stock traded as high as $162.85 and last traded at $162.20, with a volume of 14232 shares changing hands. The stock had previously closed at $158.55.

iShares Russell Mid-Cap Value ETF Stock Up 0.9%

The company has a fifty day simple moving average of $156.21 and a 200-day simple moving average of $149.83. The firm has a market cap of $15.56 billion, a P/E ratio of 19.11 and a beta of 0.95.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Signature Resources Capital Management LLC raised its stake in iShares Russell Mid-Cap Value ETF by 116.5% during the 1st quarter. Signature Resources Capital Management LLC now owns 171 shares of the company’s stock worth $25,000 after acquiring an additional 92 shares during the period. Kohmann Bosshard Financial Services LLC bought a new position in shares of iShares Russell Mid-Cap Value ETF in the fourth quarter worth approximately $28,000. Triumph Capital Management purchased a new stake in shares of iShares Russell Mid-Cap Value ETF in the third quarter worth $29,000. Center for Financial Planning Inc. increased its stake in shares of iShares Russell Mid-Cap Value ETF by 113.8% in the third quarter. Center for Financial Planning Inc. now owns 248 shares of the company’s stock worth $35,000 after purchasing an additional 132 shares in the last quarter. Finally, Laurel Wealth Advisors LLC bought a new stake in shares of iShares Russell Mid-Cap Value ETF during the 4th quarter valued at $35,000. 80.17% of the stock is currently owned by institutional investors.

About iShares Russell Mid-Cap Value ETF

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.