iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) Sets New 52-Week High – Still a Buy?

iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) reached a new 52-week high on Thursday . The stock traded as high as $166.86 and last traded at $166.76, with a volume of 14410 shares. The stock had previously closed at $164.60.

iShares Russell Mid-Cap Value ETF Stock Performance

The stock has a market cap of $15.77 billion, a P/E ratio of 19.11 and a beta of 0.95. The firm has a 50 day moving average of $159.71 and a two-hundred day moving average of $152.06.

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

Several hedge funds have recently modified their holdings of IWS. Northwestern Mutual Wealth Management Co. increased its position in iShares Russell Mid-Cap Value ETF by 1,160.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,565,153 shares of the company’s stock worth $502,865,000 after acquiring an additional 3,282,372 shares during the period. Align Financial LLC bought a new position in shares of iShares Russell Mid-Cap Value ETF during the 4th quarter worth about $31,613,000. BNP Paribas Financial Markets increased its holdings in shares of iShares Russell Mid-Cap Value ETF by 397.2% during the 2nd quarter. BNP Paribas Financial Markets now owns 248,581 shares of the company’s stock worth $32,847,000 after purchasing an additional 198,581 shares during the period. Wells Fargo & Company MN lifted its stake in shares of iShares Russell Mid-Cap Value ETF by 4.4% in the fourth quarter. Wells Fargo & Company MN now owns 3,917,401 shares of the company’s stock valued at $552,549,000 after buying an additional 165,686 shares during the period. Finally, Arax Advisory Partners bought a new stake in shares of iShares Russell Mid-Cap Value ETF in the fourth quarter valued at about $19,302,000. 80.17% of the stock is owned by institutional investors.

About iShares Russell Mid-Cap Value ETF

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. The Value Index is a subset of the Russell Midcap Index and measures the performance of equity securities issued by those Russell Midcap Index companies with relatively lower price-to-book ratios and lower forecasted growth.