iShares Russell Mid-Cap ETF (NYSEARCA:IWR) Hits New 1-Year High – Here’s What Happened

iShares Russell Mid-Cap ETF (NYSEARCA:IWR) hit a new 52-week high on Monday . The stock traded as high as $114.97 and last traded at $114.19, with a volume of 2388 shares traded. The stock had previously closed at $114.82.

iShares Russell Mid-Cap ETF Trading Down 0.5%

The stock has a market capitalization of $57.92 billion, a P/E ratio of 21.00 and a beta of 1.00. The stock’s 50 day simple moving average is $109.98 and its 200 day simple moving average is $104.77.

Institutional Investors Weigh In On iShares Russell Mid-Cap ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Midwest Trust Co raised its holdings in iShares Russell Mid-Cap ETF by 7.0% during the 4th quarter. Midwest Trust Co now owns 81,049 shares of the company’s stock worth $7,803,000 after purchasing an additional 5,305 shares during the last quarter. Bank of New York Mellon Corp boosted its position in iShares Russell Mid-Cap ETF by 7.6% during the 4th quarter. Bank of New York Mellon Corp now owns 10,779,440 shares of the company’s stock worth $1,037,737,000 after acquiring an additional 756,994 shares during the last quarter. Atlantic Union Bankshares Corp boosted its stake in shares of iShares Russell Mid-Cap ETF by 1.6% during the 4th quarter. Atlantic Union Bankshares Corp now owns 891,214 shares of the company’s stock worth $85,797,000 after buying an additional 13,680 shares during the last quarter. Three Bridge Wealth Advisors LLC grew its holdings in shares of iShares Russell Mid-Cap ETF by 4.4% in the 4th quarter. Three Bridge Wealth Advisors LLC now owns 136,318 shares of the company’s stock valued at $13,123,000 after acquiring an additional 5,756 shares in the last quarter. Finally, LJI Wealth Management LLC increased its position in shares of iShares Russell Mid-Cap ETF by 13.2% in the fourth quarter. LJI Wealth Management LLC now owns 181,266 shares of the company’s stock valued at $17,450,000 after acquiring an additional 21,187 shares during the last quarter. 80.16% of the stock is owned by institutional investors and hedge funds.

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.