iShares Russell Mid-Cap ETF (NYSEARCA:IWR) Hits New 52-Week High – What’s Next?

iShares Russell Mid-Cap ETF (NYSEARCA:IWR) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $99.24 and last traded at $99.1970, with a volume of 1163414 shares changing hands. The stock had previously closed at $98.51.

iShares Russell Mid-Cap ETF Trading Up 0.5%

The firm’s fifty day simple moving average is $96.38 and its two-hundred day simple moving average is $95.42. The company has a market capitalization of $47.87 billion, a price-to-earnings ratio of 21.00 and a beta of 1.06.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Advantage Trust Co purchased a new position in shares of iShares Russell Mid-Cap ETF during the second quarter worth $28,000. HHM Wealth Advisors LLC acquired a new position in shares of iShares Russell Mid-Cap ETF in the second quarter valued at approximately $29,000. KERR FINANCIAL PLANNING Corp purchased a new position in iShares Russell Mid-Cap ETF in the 3rd quarter valued at approximately $32,000. Traub Capital Management LLC acquired a new position in shares of iShares Russell Mid-Cap ETF in the second quarter worth $37,000. Finally, Atticus Wealth Management LLC increased its position in shares of iShares Russell Mid-Cap ETF by 123.1% during the second quarter. Atticus Wealth Management LLC now owns 415 shares of the company’s stock worth $38,000 after acquiring an additional 229 shares during the period. Hedge funds and other 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.