iShares Russell Mid-Cap ETF (NYSEARCA:IWR) Reaches New 12-Month High – Still a Buy?

iShares Russell Mid-Cap ETF (NYSEARCA:IWR)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $113.41 and last traded at $113.31, with a volume of 59352 shares traded. The stock had previously closed at $113.08.

iShares Russell Mid-Cap ETF Trading Up 0.5%

The firm has a market capitalization of $57.62 billion, a P/E ratio of 21.00 and a beta of 1.00. The stock’s 50-day simple moving average is $109.46 and its 200-day simple moving average is $104.39.

Hedge Funds Weigh In On iShares Russell Mid-Cap ETF

Several institutional investors have recently modified their holdings of IWR. AE Wealth Management LLC grew its holdings in iShares Russell Mid-Cap ETF by 7.5% in the 4th quarter. AE Wealth Management LLC now owns 308,358 shares of the company’s stock worth $29,686,000 after acquiring an additional 21,572 shares during the last quarter. Shelton Wealth Management LLC raised its stake in shares of iShares Russell Mid-Cap ETF by 27.2% during the fourth quarter. Shelton Wealth Management LLC now owns 78,830 shares of the company’s stock valued at $7,589,000 after acquiring an additional 16,864 shares during the last quarter. Midwest Trust Co raised its stake in shares of iShares Russell Mid-Cap ETF by 7.0% during the fourth quarter. Midwest Trust Co now owns 81,049 shares of the company’s stock valued at $7,803,000 after acquiring an additional 5,305 shares during the last quarter. Atlantic Union Bankshares Corp boosted its holdings in shares of iShares Russell Mid-Cap ETF by 1.6% during the fourth quarter. Atlantic Union Bankshares Corp now owns 891,214 shares of the company’s stock worth $85,797,000 after purchasing an additional 13,680 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of iShares Russell Mid-Cap ETF by 7.6% during the fourth quarter. Bank of New York Mellon Corp now owns 10,779,440 shares of the company’s stock worth $1,037,737,000 after purchasing an additional 756,994 shares during the period. 80.16% of the stock is owned by institutional investors.

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.