iShares Russell Mid-Cap ETF (NYSEARCA:IWR) Hits New 1-Year High – Time to Buy?

Shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR) reached a new 52-week high during trading on Friday . The stock traded as high as $108.66 and last traded at $108.52, with a volume of 398976 shares changing hands. The stock had previously closed at $107.72.

iShares Russell Mid-Cap ETF Stock Performance

The stock has a market capitalization of $54.69 billion, a P/E ratio of 21.00 and a beta of 1.00. The firm’s fifty day simple moving average is $104.38 and its 200 day simple moving average is $100.87.

Hedge Funds Weigh In On iShares Russell Mid-Cap ETF

Several hedge funds have recently bought and sold shares of IWR. NFSG Corp increased its holdings in iShares Russell Mid-Cap ETF by 93.1% in the 1st quarter. NFSG Corp now owns 280 shares of the company’s stock valued at $27,000 after buying an additional 135 shares during the period. HFM Investment Advisors LLC acquired a new stake in shares of iShares Russell Mid-Cap ETF in the 4th quarter valued at approximately $28,000. Frazier Financial Advisors LLC acquired a new stake in shares of iShares Russell Mid-Cap ETF in the 1st quarter valued at approximately $31,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of iShares Russell Mid-Cap ETF in the 3rd quarter valued at approximately $32,000. Finally, Reflection Asset Management acquired a new stake in shares of iShares Russell Mid-Cap ETF in the 4th quarter valued at approximately $33,000. 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.