iShares Russell Mid-Cap ETF (NYSEARCA:IWR) Hits New 1-Year High – Time to Buy?

iShares Russell Mid-Cap ETF (NYSEARCA:IWR)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $91.53 and last traded at $91.39, with a volume of 15722 shares traded. The stock had previously closed at $89.11.

iShares Russell Mid-Cap ETF Price Performance

The company has a market capitalization of $38.27 billion, a PE ratio of 20.27 and a beta of 1.02. The business’s 50 day simple moving average is $87.77 and its 200 day simple moving average is $84.23.

Institutional Investors Weigh In On iShares Russell Mid-Cap ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IWR. Paladin Advisory Group LLC acquired a new stake in shares of iShares Russell Mid-Cap ETF during the 2nd quarter worth about $27,000. Future Financial Wealth Managment LLC purchased a new stake in shares of iShares Russell Mid-Cap ETF in the 3rd quarter valued at approximately $30,000. Sage Mountain Advisors LLC raised its stake in shares of iShares Russell Mid-Cap ETF by 50.9% in the 2nd quarter. Sage Mountain Advisors LLC now owns 403 shares of the company’s stock valued at $33,000 after acquiring an additional 136 shares during the period. Beaird Harris Wealth Management LLC acquired a new position in shares of iShares Russell Mid-Cap ETF in the 1st quarter worth approximately $40,000. Finally, Cultivar Capital Inc. purchased a new position in shares of iShares Russell Mid-Cap ETF during the 2nd quarter worth approximately $41,000.

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.