iShares Russell Mid-Cap ETF (NYSEARCA:IWR) Reaches New 12-Month High – Here’s What Happened

iShares Russell Mid-Cap ETF (NYSEARCA:IWR)’s share price hit a new 52-week high on Thursday . The company traded as high as $110.35 and last traded at $109.74, with a volume of 207035 shares. The stock had previously closed at $108.56.

iShares Russell Mid-Cap ETF Trading Up 2.0%

The company’s fifty day moving average is $105.77 and its 200-day moving average is $101.60. The firm has a market capitalization of $55.68 billion, a P/E ratio of 21.00 and a beta of 1.00.

Institutional Investors Weigh In On iShares Russell Mid-Cap ETF

A number of hedge funds have recently bought and sold shares of the company. Sapient Capital LLC increased its stake in shares of iShares Russell Mid-Cap ETF by 43.7% in the first quarter. Sapient Capital LLC now owns 12,448 shares of the company’s stock worth $1,210,000 after purchasing an additional 3,788 shares during the period. Steelhead Wealth Management LLC acquired a new stake in iShares Russell Mid-Cap ETF in the 1st quarter valued at approximately $392,000. FAS Wealth Partners Inc. grew its holdings in iShares Russell Mid-Cap ETF by 1.5% in the 1st quarter. FAS Wealth Partners Inc. now owns 30,310 shares of the company’s stock valued at $2,947,000 after buying an additional 458 shares during the last quarter. Farmers National Bank increased its position in iShares Russell Mid-Cap ETF by 0.6% in the 1st quarter. Farmers National Bank now owns 20,278 shares of the company’s stock worth $1,972,000 after buying an additional 118 shares during the period. Finally, First Nebraska Trust Co bought a new position in iShares Russell Mid-Cap ETF in the 1st quarter worth approximately $611,000. 80.16% of the stock is currently owned by institutional investors.

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.