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

iShares Russell Mid-Cap ETF (NYSEARCA:IWR) hit a new 52-week high on Tuesday . The stock traded as high as $99.24 and last traded at $99.1970, with a volume of 1163414 shares. The stock had previously closed at $98.51.

iShares Russell Mid-Cap ETF Stock Performance

The business has a 50-day simple moving average of $96.17 and a 200-day simple moving average of $95.30. The company has a market cap of $48.10 billion, a price-to-earnings ratio of 21.00 and a beta of 1.06.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Advantage Trust Co purchased a new stake in shares of iShares Russell Mid-Cap ETF in the 2nd quarter valued at approximately $28,000. HHM Wealth Advisors LLC acquired a new position in shares of iShares Russell Mid-Cap ETF during the second quarter worth $29,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of iShares Russell Mid-Cap ETF during the third quarter worth $32,000. Traub Capital Management LLC purchased a new position in iShares Russell Mid-Cap ETF in the second quarter valued at $37,000. Finally, Smartleaf Asset Management LLC raised its stake in iShares Russell Mid-Cap ETF by 192.0% in the third quarter. Smartleaf Asset Management LLC now owns 400 shares of the company’s stock valued at $39,000 after buying an additional 263 shares in the last quarter. 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. 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.