iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) Hits New 52-Week High – Should You Buy?

iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $143.05 and last traded at $143.4820, with a volume of 364146 shares. The stock had previously closed at $141.15.

iShares Russell Mid-Cap Value ETF Stock Down 0.9%

The company’s 50-day moving average is $139.18 and its two-hundred day moving average is $136.29. The company has a market cap of $14.27 billion, a P/E ratio of 19.11 and a beta of 1.02.

Institutional Investors Weigh In On iShares Russell Mid-Cap Value ETF

Hedge funds have recently modified their holdings of the stock. Atlantic Union Bankshares Corp purchased a new stake in iShares Russell Mid-Cap Value ETF during the second quarter valued at about $571,000. Lloyd Advisory Services LLC. raised its position in shares of iShares Russell Mid-Cap Value ETF by 20.1% in the second quarter. Lloyd Advisory Services LLC. now owns 3,066 shares of the company’s stock valued at $405,000 after purchasing an additional 514 shares during the period. Addison Advisors LLC purchased a new stake in shares of iShares Russell Mid-Cap Value ETF during the 2nd quarter valued at approximately $102,000. Neumann Capital Management LLC bought a new position in iShares Russell Mid-Cap Value ETF in the 2nd quarter worth approximately $201,000. Finally, Allworth Financial LP boosted its holdings in iShares Russell Mid-Cap Value ETF by 30.2% in the 2nd quarter. Allworth Financial LP now owns 4,223 shares of the company’s stock worth $558,000 after buying an additional 980 shares during the period. 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.