iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) Sets New 52-Week High – Here’s What Happened

iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $169.87 and last traded at $169.84, with a volume of 62630 shares traded. The stock had previously closed at $168.79.

iShares Russell Mid-Cap Value ETF Stock Down 0.3%

The company’s fifty day moving average is $164.52 and its two-hundred day moving average is $156.08. The stock has a market cap of $15.85 billion, a price-to-earnings ratio of 19.11 and a beta of 0.95.

Hedge Funds Weigh In On iShares Russell Mid-Cap Value ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Conning Inc. increased its stake in iShares Russell Mid-Cap Value ETF by 24.3% in the 1st quarter. Conning Inc. now owns 59,718 shares of the company’s stock valued at $8,703,000 after purchasing an additional 11,676 shares in the last quarter. AE Wealth Management LLC increased its position in shares of iShares Russell Mid-Cap Value ETF by 2.9% in the fourth quarter. AE Wealth Management LLC now owns 377,481 shares of the company’s stock valued at $53,244,000 after buying an additional 10,529 shares in the last quarter. Kelsey Financial LLC acquired a new position in shares of iShares Russell Mid-Cap Value ETF during the 4th quarter worth $5,443,000. Key Capital Management INC acquired a new position in shares of iShares Russell Mid-Cap Value ETF during the 4th quarter worth $2,321,000. Finally, Farther Finance Advisors LLC boosted its position in shares of iShares Russell Mid-Cap Value ETF by 27.3% in the 4th quarter. Farther Finance Advisors LLC now owns 15,372 shares of the company’s stock worth $2,168,000 after buying an additional 3,294 shares in the last quarter. Institutional investors and hedge funds 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. 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.