iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) Sets New 52-Week High – Still a Buy?

iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $169.87 and last traded at $169.84, with a volume of 62630 shares trading hands. The stock had previously closed at $168.79.

iShares Russell Mid-Cap Value ETF Price Performance

The company has a 50 day simple moving average of $164.08 and a 200-day simple moving average of $155.76. The stock has a market cap of $15.94 billion, a P/E ratio of 19.11 and a beta of 0.95.

Institutional Trading of iShares Russell Mid-Cap Value ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Brighton Jones LLC grew its holdings in shares of iShares Russell Mid-Cap Value ETF by 1.0% during the 4th quarter. Brighton Jones LLC now owns 20,670 shares of the company’s stock valued at $2,673,000 after purchasing an additional 201 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of iShares Russell Mid-Cap Value ETF by 2.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 6,439 shares of the company’s stock worth $833,000 after buying an additional 124 shares during the period. AQR Capital Management LLC lifted its position in iShares Russell Mid-Cap Value ETF by 18.6% in the first quarter. AQR Capital Management LLC now owns 8,080 shares of the company’s stock valued at $1,018,000 after purchasing an additional 1,267 shares during the last quarter. Jane Street Group LLC bought a new stake in iShares Russell Mid-Cap Value ETF in the 1st quarter worth $5,269,000. Finally, Russell Investments Group Ltd. increased its holdings in iShares Russell Mid-Cap Value ETF by 166.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 2,607 shares of the company’s stock valued at $344,000 after purchasing an additional 1,629 shares during the period. Hedge funds and other institutional investors 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. 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.