iShares Russell Mid-Cap ETF (NYSEARCA:IWR) Sets New 52-Week High – Should You Buy?

iShares Russell Mid-Cap ETF (NYSEARCA:IWR)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $110.35 and last traded at $109.74, with a volume of 207035 shares. The stock had previously closed at $108.56.

iShares Russell Mid-Cap ETF Stock Up 2.0%

The firm has a market cap of $55.68 billion, a P/E ratio of 21.00 and a beta of 1.00. The stock’s 50-day moving average is $105.77 and its 200-day moving average is $101.60.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Piscataqua Savings Bank raised its position in shares of iShares Russell Mid-Cap ETF by 11.1% during the fourth quarter. Piscataqua Savings Bank now owns 1,000 shares of the company’s stock valued at $96,000 after buying an additional 100 shares during the last quarter. Asset Management Group Inc. grew its position in iShares Russell Mid-Cap ETF by 0.3% during the first quarter. Asset Management Group Inc. now owns 39,600 shares of the company’s stock worth $3,850,000 after buying an additional 102 shares in the last quarter. Axis Wealth Partners LLC grew its position in iShares Russell Mid-Cap ETF by 1.7% during the first quarter. Axis Wealth Partners LLC now owns 6,282 shares of the company’s stock worth $611,000 after buying an additional 108 shares in the last quarter. Advisor OS LLC increased its stake in iShares Russell Mid-Cap ETF by 1.8% during the third quarter. Advisor OS LLC now owns 6,854 shares of the company’s stock valued at $662,000 after acquiring an additional 118 shares during the period. Finally, Farmers National Bank increased its stake in iShares Russell Mid-Cap ETF by 0.6% during the first quarter. Farmers National Bank now owns 20,278 shares of the company’s stock valued at $1,972,000 after acquiring an additional 118 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.