iShares Russell Mid-Cap ETF (NYSEARCA:IWR) Hits New 12-Month High – Should You Buy?

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

iShares Russell Mid-Cap ETF Stock Down 0.4%

The business’s fifty day moving average is $106.07 and its two-hundred day moving average is $101.74. The firm has a market cap of $55.12 billion, a price-to-earnings ratio of 21.00 and a beta of 1.00.

Institutional Investors Weigh In On iShares Russell Mid-Cap ETF

Several hedge funds and other institutional investors have recently made changes to their positions in IWR. Bank of America Corp DE raised its position in shares of iShares Russell Mid-Cap ETF by 6.6% during the fourth quarter. Bank of America Corp DE now owns 66,569,630 shares of the company’s stock worth $6,408,658,000 after acquiring an additional 4,145,765 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in iShares Russell Mid-Cap ETF by 3.6% in the fourth quarter. Wells Fargo & Company MN now owns 41,686,088 shares of the company’s stock valued at $4,013,120,000 after acquiring an additional 1,438,369 shares during the last quarter. Morgan Stanley boosted its holdings in iShares Russell Mid-Cap ETF by 4.5% in the fourth quarter. Morgan Stanley now owns 10,797,769 shares of the company’s stock valued at $1,039,501,000 after acquiring an additional 460,088 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in iShares Russell Mid-Cap ETF by 7.6% in the fourth quarter. Bank of New York Mellon Corp now owns 10,779,440 shares of the company’s stock valued at $1,037,737,000 after acquiring an additional 756,994 shares during the last quarter. Finally, Northern Trust Corp increased its position in iShares Russell Mid-Cap ETF by 5.4% in the fourth quarter. Northern Trust Corp now owns 10,331,591 shares of the company’s stock worth $994,622,000 after purchasing an additional 526,956 shares during the period. 80.16% of the stock is owned by institutional investors and hedge funds.

iShares Russell Mid-Cap ETF Company Profile

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.