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

iShares Russell Mid-Cap ETF (NYSEARCA:IWR)’s share price hit a new 52-week high on Thursday . The company traded as high as $101.73 and last traded at $101.3020, with a volume of 493854 shares changing hands. The stock had previously closed at $100.86.

iShares Russell Mid-Cap ETF Stock Up 0.4%

The company has a market capitalization of $48.42 billion, a price-to-earnings ratio of 21.00 and a beta of 1.06. The company has a 50 day simple moving average of $97.26 and a 200 day simple moving average of $95.97.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Jones Financial Companies Lllp increased its position in shares of iShares Russell Mid-Cap ETF by 8.1% in the third quarter. Jones Financial Companies Lllp now owns 75,344,008 shares of the company’s stock worth $7,245,741,000 after acquiring an additional 5,633,614 shares in the last quarter. Bank of New York Mellon Corp boosted its position in iShares Russell Mid-Cap ETF by 1.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 10,022,446 shares of the company’s stock worth $967,667,000 after purchasing an additional 123,124 shares during the period. Northern Trust Corp increased its holdings in iShares Russell Mid-Cap ETF by 1.4% in the 3rd quarter. Northern Trust Corp now owns 9,804,635 shares of the company’s stock valued at $946,638,000 after purchasing an additional 134,966 shares in the last quarter. JPMorgan Chase & Co. raised its position in iShares Russell Mid-Cap ETF by 0.7% in the third quarter. JPMorgan Chase & Co. now owns 6,623,770 shares of the company’s stock valued at $639,525,000 after purchasing an additional 47,842 shares during the period. Finally, Truist Financial Corp raised its position in iShares Russell Mid-Cap ETF by 6.1% in the third quarter. Truist Financial Corp now owns 4,194,401 shares of the company’s stock valued at $404,969,000 after purchasing an additional 239,492 shares during the period. Hedge funds and other institutional investors own 80.16% of the company’s stock.

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.