iShares Russell Mid-Cap ETF (NYSEARCA:IWR) Hits New 52-Week High – Time to Buy?

iShares Russell Mid-Cap ETF (NYSEARCA:IWR)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $113.41 and last traded at $113.31, with a volume of 59352 shares. The stock had previously closed at $113.08.

iShares Russell Mid-Cap ETF Stock Up 0.4%

The stock has a market capitalization of $57.75 billion, a P/E ratio of 21.00 and a beta of 1.00. The business has a fifty day moving average price of $109.69 and a 200-day moving average price of $104.57.

Hedge Funds Weigh In On iShares Russell Mid-Cap ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. NFSG Corp raised its holdings in shares of iShares Russell Mid-Cap ETF by 93.1% during the first quarter. NFSG Corp now owns 280 shares of the company’s stock valued at $27,000 after purchasing an additional 135 shares during the last quarter. HFM Investment Advisors LLC bought a new position in iShares Russell Mid-Cap ETF during the fourth quarter valued at approximately $28,000. Frazier Financial Advisors LLC purchased a new stake in iShares Russell Mid-Cap ETF in the first quarter worth approximately $31,000. Reflection Asset Management purchased a new stake in iShares Russell Mid-Cap ETF in the fourth quarter worth approximately $33,000. Finally, Scarborough Advisors LLC bought a new stake in iShares Russell Mid-Cap ETF in the 1st quarter worth approximately $38,000. Institutional investors own 80.16% of the company’s stock.

About iShares Russell Mid-Cap ETF

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.