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

iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) reached a new 52-week high during trading on Thursday . The company traded as high as $141.96 and last traded at $141.9630, with a volume of 48686 shares changing hands. The stock had previously closed at $141.61.

iShares Russell Mid-Cap Value ETF Price Performance

The firm has a 50 day simple moving average of $138.96 and a two-hundred day simple moving average of $135.89. The stock has a market cap of $14.16 billion, a price-to-earnings ratio of 19.11 and a beta of 1.02.

Hedge Funds Weigh In On iShares Russell Mid-Cap Value ETF

A number of hedge funds have recently modified their holdings of the business. Cahaba Wealth Management Inc. increased its position in iShares Russell Mid-Cap Value ETF by 1.9% during the third quarter. Cahaba Wealth Management Inc. now owns 4,040 shares of the company’s stock valued at $564,000 after acquiring an additional 74 shares during the last quarter. City Center Advisors LLC grew its holdings in iShares Russell Mid-Cap Value ETF by 1.9% during the 2nd quarter. City Center Advisors LLC now owns 4,228 shares of the company’s stock valued at $559,000 after purchasing an additional 78 shares during the last quarter. Horst & Graben Wealth Management LLC raised its position in iShares Russell Mid-Cap Value ETF by 0.6% in the 3rd quarter. Horst & Graben Wealth Management LLC now owns 13,411 shares of the company’s stock worth $1,873,000 after purchasing an additional 79 shares during the period. Sonata Capital Group Inc. lifted its stake in iShares Russell Mid-Cap Value ETF by 0.9% in the second quarter. Sonata Capital Group Inc. now owns 8,972 shares of the company’s stock worth $1,186,000 after purchasing an additional 81 shares during the last quarter. Finally, Pineridge Advisors LLC boosted its position in shares of iShares Russell Mid-Cap Value ETF by 6.7% during the third quarter. Pineridge Advisors LLC now owns 1,314 shares of the company’s stock valued at $184,000 after buying an additional 82 shares during the period. Institutional investors and hedge funds own 80.17% of the company’s stock.

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.