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

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 $103.38 and last traded at $102.6280, with a volume of 687910 shares trading hands. The stock had previously closed at $102.22.

iShares Russell Mid-Cap ETF Stock Up 0.4%

The company has a market capitalization of $49.08 billion, a price-to-earnings ratio of 21.00 and a beta of 1.06. The stock’s 50-day simple moving average is $99.49 and its two-hundred day simple moving average is $97.00.

Hedge Funds Weigh In On iShares Russell Mid-Cap ETF

A number of hedge funds have recently made changes to their positions in the company. Brighton Jones LLC increased its position in shares of iShares Russell Mid-Cap ETF by 4.2% during the fourth quarter. Brighton Jones LLC now owns 104,524 shares of the company’s stock worth $9,240,000 after purchasing an additional 4,189 shares in the last quarter. Revolve Wealth Partners LLC purchased a new stake in shares of iShares Russell Mid-Cap ETF in the fourth quarter valued at approximately $323,000. Allspring Global Investments Holdings LLC boosted its stake in iShares Russell Mid-Cap ETF by 30.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 5,906 shares of the company’s stock worth $547,000 after buying an additional 1,377 shares during the last quarter. Cullen Frost Bankers Inc. grew its holdings in iShares Russell Mid-Cap ETF by 3.6% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 50,690 shares of the company’s stock valued at $4,662,000 after buying an additional 1,759 shares in the last quarter. Finally, Brookstone Capital Management increased its stake in shares of iShares Russell Mid-Cap ETF by 29.7% in the 2nd quarter. Brookstone Capital Management now owns 5,907 shares of the company’s stock worth $543,000 after acquiring an additional 1,351 shares during the last quarter. Institutional investors and hedge funds own 80.16% of the company’s stock.

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.