iShares Russell Mid-Cap ETF (NYSEARCA:IWR) Reaches New 1-Year High – What’s Next?

iShares Russell Mid-Cap ETF (NYSEARCA:IWR)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $101.91 and last traded at $101.78, with a volume of 1913158 shares trading hands. The stock had previously closed at $99.20.

iShares Russell Mid-Cap ETF Stock Up 2.6%

The firm has a market cap of $48.68 billion, a price-to-earnings ratio of 21.00 and a beta of 1.06. The firm has a 50 day moving average of $98.63 and a 200 day moving average of $96.54.

Institutional Trading of iShares Russell Mid-Cap ETF

Several hedge funds have recently modified their holdings of the stock. HFM Investment Advisors LLC acquired a new stake in iShares Russell Mid-Cap ETF in the fourth quarter worth $28,000. Advantage Trust Co bought a new position in shares of iShares Russell Mid-Cap ETF during the 2nd quarter worth about $28,000. HHM Wealth Advisors LLC bought a new position in shares of iShares Russell Mid-Cap ETF during the 2nd quarter worth about $29,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of iShares Russell Mid-Cap ETF in the 3rd quarter valued at about $32,000. Finally, Traub Capital Management LLC bought a new stake in iShares Russell Mid-Cap ETF in the 2nd quarter valued at about $37,000. 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.