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

iShares Russell Mid-Cap ETF (NYSEARCA:IWR)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $97.90 and last traded at $98.1910, with a volume of 2731333 shares trading hands. The stock had previously closed at $96.65.

iShares Russell Mid-Cap ETF Stock Performance

The stock has a 50 day moving average price of $95.78 and a 200 day moving average price of $94.24. The company has a market capitalization of $45.99 billion, a P/E ratio of 21.00 and a beta of 1.06.

Hedge Funds Weigh In On iShares Russell Mid-Cap ETF

Several large investors have recently modified their holdings of IWR. Jones Financial Companies Lllp lifted its stake in shares of iShares Russell Mid-Cap ETF by 8.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 75,344,008 shares of the company’s stock valued at $7,245,741,000 after buying an additional 5,633,614 shares in the last quarter. CIBC Bancorp USA Inc. bought a new stake in iShares Russell Mid-Cap ETF during the 3rd quarter valued at $285,568,000. Bank of New York Mellon Corp lifted its position in shares of iShares Russell Mid-Cap ETF by 23.5% during the second quarter. Bank of New York Mellon Corp now owns 9,899,322 shares of the company’s stock worth $910,441,000 after acquiring an additional 1,880,984 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of iShares Russell Mid-Cap ETF by 186.3% in the second quarter. BNP Paribas Financial Markets now owns 764,638 shares of the company’s stock worth $70,324,000 after acquiring an additional 497,601 shares during the period. Finally, NorthRock Partners LLC boosted its holdings in shares of iShares Russell Mid-Cap ETF by 1,296.2% in the third quarter. NorthRock Partners LLC now owns 533,490 shares of the company’s stock worth $51,508,000 after acquiring an additional 495,279 shares during the period. Hedge funds and other 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.