iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) Reaches New 52-Week High – Here’s Why

Shares of iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) hit a new 52-week high during trading on Thursday . The stock traded as high as $166.86 and last traded at $166.76, with a volume of 14410 shares trading hands. The stock had previously closed at $164.60.

iShares Russell Mid-Cap Value ETF Stock Performance

The firm has a market capitalization of $15.78 billion, a P/E ratio of 19.11 and a beta of 0.95. The business’s 50 day simple moving average is $160.12 and its two-hundred day simple moving average is $152.32.

Institutional Investors Weigh In On iShares Russell Mid-Cap Value ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Signature Resources Capital Management LLC raised its stake in shares of iShares Russell Mid-Cap Value ETF by 116.5% in the first quarter. Signature Resources Capital Management LLC now owns 171 shares of the company’s stock worth $25,000 after purchasing an additional 92 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of iShares Russell Mid-Cap Value ETF during the fourth quarter valued at $28,000. Triumph Capital Management purchased a new stake in shares of iShares Russell Mid-Cap Value ETF during the third quarter valued at $29,000. Laurel Wealth Advisors LLC bought a new stake in iShares Russell Mid-Cap Value ETF in the 4th quarter worth about $35,000. Finally, Investment Counsel Co. of Nevada bought a new stake in iShares Russell Mid-Cap Value ETF in the 3rd quarter worth about $35,000. Institutional investors 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.