iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) Hits New 12-Month High – Still a Buy?

iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $155.29 and last traded at $154.86, with a volume of 13718 shares trading hands. The stock had previously closed at $153.89.

iShares Russell Mid-Cap Value ETF Trading Up 1.2%

The company has a 50-day moving average of $149.57 and a 200-day moving average of $144.54. The company has a market capitalization of $14.86 billion, a price-to-earnings ratio of 19.11 and a beta of 0.98.

Institutional Trading of iShares Russell Mid-Cap Value ETF

Hedge funds have recently modified their holdings of the stock. Cassaday & Co Wealth Management LLC boosted its position in iShares Russell Mid-Cap Value ETF by 1.6% during the third quarter. Cassaday & Co Wealth Management LLC now owns 992,566 shares of the company’s stock worth $138,632,000 after purchasing an additional 15,603 shares in the last quarter. First Citizens Bank & Trust Co. boosted its position in iShares Russell Mid-Cap Value ETF by 3.1% during the third quarter. First Citizens Bank & Trust Co. now owns 2,698,999 shares of the company’s stock worth $376,969,000 after purchasing an additional 80,032 shares in the last quarter. First Horizon Corp purchased a new position in iShares Russell Mid-Cap Value ETF during the third quarter worth approximately $11,141,000. Anchor Capital Advisors LLC boosted its position in iShares Russell Mid-Cap Value ETF by 10.5% during the third quarter. Anchor Capital Advisors LLC now owns 214,223 shares of the company’s stock worth $29,920,000 after purchasing an additional 20,298 shares in the last quarter. Finally, Assetmark Inc. boosted its position in iShares Russell Mid-Cap Value ETF by 1,496.5% during the third quarter. Assetmark Inc. now owns 98,487 shares of the company’s stock worth $13,756,000 after purchasing an additional 92,318 shares in the last quarter. Hedge funds and other institutional investors own 80.17% of the company’s stock.

iShares Russell Mid-Cap Value ETF Company Profile

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.