iShares Russell Mid-Cap ETF (NYSEARCA:IWR) Hits New 1-Year High – Here’s What Happened

Shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR) reached a new 52-week high during trading on Monday . The stock traded as high as $114.97 and last traded at $114.19, with a volume of 2388 shares changing hands. The stock had previously closed at $114.82.

iShares Russell Mid-Cap ETF Price Performance

The business’s 50 day simple moving average is $109.98 and its 200 day simple moving average is $104.77. The company has a market capitalization of $57.92 billion, a price-to-earnings ratio of 21.00 and a beta of 1.00.

Institutional Trading of iShares Russell Mid-Cap ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in IWR. NFSG Corp grew its stake in shares of iShares Russell Mid-Cap ETF by 93.1% in the 1st 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 purchased a new position in iShares Russell Mid-Cap ETF during the 4th quarter valued at about $28,000. Frazier Financial Advisors LLC purchased a new position in iShares Russell Mid-Cap ETF in the 1st quarter valued at about $31,000. Reflection Asset Management acquired a new stake in shares of iShares Russell Mid-Cap ETF during the fourth quarter worth $33,000. Finally, Scarborough Advisors LLC acquired a new stake in shares of iShares Russell Mid-Cap ETF during the 1st quarter worth $38,000. 80.16% of the stock is owned by hedge funds and other 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.