iShares Russell Mid-Cap ETF (NYSEARCA:IWR) Sets New 12-Month High – What’s Next?

iShares Russell Mid-Cap ETF (NYSEARCA:IWR)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $110.76 and last traded at $110.66, with a volume of 492807 shares changing hands. The stock had previously closed at $110.32.

iShares Russell Mid-Cap ETF Stock Performance

The company has a market capitalization of $56.99 billion, a PE ratio of 21.00 and a beta of 1.00. The firm’s 50-day simple moving average is $106.58 and its 200 day simple moving average is $102.13.

Institutional Trading of iShares Russell Mid-Cap ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. NFSG Corp lifted its position in shares of iShares Russell Mid-Cap ETF by 93.1% during the 1st quarter. NFSG Corp now owns 280 shares of the company’s stock valued at $27,000 after acquiring an additional 135 shares during the period. HFM Investment Advisors LLC acquired a new stake in shares of iShares Russell Mid-Cap ETF in the 4th quarter worth approximately $28,000. Frazier Financial Advisors LLC purchased a new position in iShares Russell Mid-Cap ETF in the 1st quarter valued at approximately $31,000. KERR FINANCIAL PLANNING Corp purchased a new position in iShares Russell Mid-Cap ETF in the 3rd quarter valued at approximately $32,000. Finally, Reflection Asset Management acquired a new position in iShares Russell Mid-Cap ETF during the fourth quarter worth $33,000. 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.