iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) Hits New 12-Month High – Here’s Why

iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) reached a new 52-week high during trading on Tuesday . The company traded as high as $171.84 and last traded at $171.57, with a volume of 20760 shares traded. The stock had previously closed at $171.04.

iShares Russell Mid-Cap Value ETF Stock Performance

The stock has a market cap of $15.99 billion, a price-to-earnings ratio of 19.11 and a beta of 0.95. The firm’s 50-day simple moving average is $165.14 and its two-hundred day simple moving average is $156.57.

Institutional Trading of iShares Russell Mid-Cap Value ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Conning Inc. grew its holdings in iShares Russell Mid-Cap Value ETF by 24.3% during the first quarter. Conning Inc. now owns 59,718 shares of the company’s stock valued at $8,703,000 after purchasing an additional 11,676 shares during the period. AE Wealth Management LLC boosted its position 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 acquiring an additional 10,529 shares during the last quarter. Key Capital Management INC bought a new stake in shares of iShares Russell Mid-Cap Value ETF in the fourth quarter worth $2,321,000. Farther Finance Advisors LLC grew its position in iShares Russell Mid-Cap Value ETF by 27.3% in the fourth quarter. Farther Finance Advisors LLC now owns 15,372 shares of the company’s stock valued at $2,168,000 after purchasing an additional 3,294 shares in the last quarter. Finally, One Wealth Advisors LLC bought a new position in iShares Russell Mid-Cap Value ETF in the fourth quarter valued at $1,970,000. 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.