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

iShares Russell Mid-Cap ETF (NYSEARCA:IWR) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $111.49 and last traded at $111.37, with a volume of 122977 shares. The stock had previously closed at $111.08.

iShares Russell Mid-Cap ETF Stock Up 0.6%

The stock has a fifty day moving average price of $108.91 and a two-hundred day moving average price of $103.96. The company has a market capitalization of $56.63 billion, a price-to-earnings ratio of 21.00 and a beta of 1.00.

Hedge Funds Weigh In On iShares Russell Mid-Cap ETF

Several hedge funds and other institutional investors have recently modified their holdings of IWR. Bank of America Corp DE lifted its position in shares of iShares Russell Mid-Cap ETF by 6.6% during the fourth quarter. Bank of America Corp DE now owns 66,569,630 shares of the company’s stock worth $6,408,658,000 after purchasing an additional 4,145,765 shares in the last quarter. Wells Fargo & Company MN boosted its stake in iShares Russell Mid-Cap ETF by 3.6% during the 4th quarter. Wells Fargo & Company MN now owns 41,686,088 shares of the company’s stock valued at $4,013,120,000 after acquiring an additional 1,438,369 shares during the last quarter. Morgan Stanley increased its position in shares of iShares Russell Mid-Cap ETF by 4.5% in the 4th quarter. Morgan Stanley now owns 10,797,769 shares of the company’s stock worth $1,039,501,000 after purchasing an additional 460,088 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of iShares Russell Mid-Cap ETF by 7.6% in the 4th quarter. Bank of New York Mellon Corp now owns 10,779,440 shares of the company’s stock valued at $1,037,737,000 after purchasing an additional 756,994 shares in the last quarter. Finally, Northern Trust Corp grew its stake in iShares Russell Mid-Cap ETF by 5.4% in the fourth quarter. Northern Trust Corp now owns 10,331,591 shares of the company’s stock worth $994,622,000 after purchasing an additional 526,956 shares in the last quarter. 80.16% of the stock is owned by institutional investors and hedge funds.

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.