iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) Reaches New 12-Month High – Here’s What Happened

iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) reached a new 52-week high on Wednesday. The stock traded as high as $173.53 and last traded at $173.49, with a volume of 375,882 shares. The stock had previously closed at $170.62.

iShares Russell Mid-Cap Value ETF Price Performance

The stock has a 50 day moving average price of $166.65 and a two-hundred day moving average price of $159.70. The company has a market capitalization of $15.25 billion, a price-to-earnings ratio of 18.85 and a beta of 0.95.

Institutional Trading of iShares Russell Mid-Cap Value ETF

A number of hedge funds have recently modified their holdings of IWS. First Citizens Bank & Trust Co. bought a new position in shares of iShares Russell Mid-Cap Value ETF in the third quarter valued at approximately $297,622,000. Commonwealth Equity Services LLC purchased a new stake in shares of iShares Russell Mid-Cap Value ETF in the third quarter worth $272,601,000. Cassaday & Co Wealth Management LLC raised its position in shares of iShares Russell Mid-Cap Value ETF by 1.9% during the first quarter. Cassaday & Co Wealth Management LLC now owns 1,023,739 shares of the company’s stock valued at $149,200,000 after buying an additional 18,611 shares during the last quarter. Lido Advisors LLC increased its position in iShares Russell Mid-Cap Value ETF by 6.9% during the 1st quarter. Lido Advisors LLC now owns 321,226 shares of the company’s stock valued at $46,816,000 after purchasing an additional 20,686 shares during the period. Finally, SVB Wealth LLC lifted its position in shares of iShares Russell Mid-Cap Value ETF by 5.8% in the 2nd quarter. SVB Wealth LLC now owns 276,422 shares of the company’s stock worth $45,499,000 after purchasing an additional 15,220 shares during the period. Institutional investors and hedge funds 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.