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

iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $167.07 and last traded at $165.73, with a volume of 317372 shares trading hands. The stock had previously closed at $166.07.

iShares Russell Mid-Cap Value ETF Trading Up 0.8%

The stock’s 50-day moving average is $160.89 and its 200-day moving average is $153.06. The company has a market cap of $15.63 billion, a price-to-earnings ratio of 19.11 and a beta of 0.95.

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

Several hedge funds and other institutional investors have recently bought and sold shares of IWS. AE Wealth Management LLC raised its stake in iShares Russell Mid-Cap Value ETF by 2.9% during the 4th quarter. AE Wealth Management LLC now owns 377,481 shares of the company’s stock worth $53,244,000 after buying an additional 10,529 shares during the period. Kelsey Financial LLC acquired a new stake in iShares Russell Mid-Cap Value ETF in the fourth quarter valued at approximately $5,443,000. Secure Asset Management LLC acquired a new stake in iShares Russell Mid-Cap Value ETF in the fourth quarter valued at approximately $1,817,000. Key Capital Management INC bought a new stake in shares of iShares Russell Mid-Cap Value ETF during the fourth quarter valued at approximately $2,321,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of iShares Russell Mid-Cap Value ETF by 27.3% during the fourth quarter. Farther Finance Advisors LLC now owns 15,372 shares of the company’s stock valued at $2,168,000 after acquiring an additional 3,294 shares in the last quarter. 80.17% of the stock is owned by institutional investors.

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.