iShares Russell Mid-Cap ETF (NYSEARCA:IWR) Hits New 12-Month High – Still a Buy?

iShares Russell Mid-Cap ETF (NYSEARCA:IWR)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $103.43 and last traded at $103.4270, with a volume of 1950527 shares changing hands. The stock had previously closed at $102.63.

iShares Russell Mid-Cap ETF Stock Up 0.8%

The stock has a 50-day moving average of $99.91 and a 200-day moving average of $97.27. The company has a market cap of $49.47 billion, a PE ratio of 21.00 and a beta of 1.06.

Institutional Investors Weigh In On iShares Russell Mid-Cap ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. HFM Investment Advisors LLC bought a new position in shares of iShares Russell Mid-Cap ETF in the 4th quarter worth $28,000. HHM Wealth Advisors LLC bought a new position in iShares Russell Mid-Cap ETF in the second quarter valued at $29,000. KERR FINANCIAL PLANNING Corp bought a new position in iShares Russell Mid-Cap ETF in the third quarter valued at $32,000. Traub Capital Management LLC purchased a new stake in iShares Russell Mid-Cap ETF during the second quarter valued at about $37,000. Finally, Legacy Investment Solutions LLC bought a new stake in iShares Russell Mid-Cap ETF during the second quarter worth about $38,000. 80.16% of the stock is owned by hedge funds and other 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.