iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) Sets New 1-Year High – Here’s Why

iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) reached a new 52-week high during trading on Tuesday . The stock traded as high as $171.84 and last traded at $171.57, with a volume of 20760 shares trading hands. The stock had previously closed at $171.04.

iShares Russell Mid-Cap Value ETF Stock Performance

The stock has a market cap of $16.01 billion, a price-to-earnings ratio of 19.11 and a beta of 0.95. The business has a 50-day simple moving average of $165.54 and a two-hundred day simple moving average of $156.89.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rehmann Capital Advisory Group raised its position in shares of iShares Russell Mid-Cap Value ETF by 0.6% in the fourth quarter. Rehmann Capital Advisory Group now owns 12,277 shares of the company’s stock worth $1,732,000 after acquiring an additional 72 shares during the period. GAMMA Investing LLC boosted its position in iShares Russell Mid-Cap Value ETF by 7.5% during the second quarter. GAMMA Investing LLC now owns 1,077 shares of the company’s stock worth $177,000 after purchasing an additional 75 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in iShares Russell Mid-Cap Value ETF by 1.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 7,758 shares of the company’s stock valued at $1,094,000 after purchasing an additional 76 shares during the period. Sonata Capital Group Inc. increased its position in shares of iShares Russell Mid-Cap Value ETF by 0.8% in the fourth quarter. Sonata Capital Group Inc. now owns 9,276 shares of the company’s stock valued at $1,308,000 after buying an additional 77 shares in the last quarter. Finally, Johnson Financial Group Inc. raised its stake in shares of iShares Russell Mid-Cap Value ETF by 1.3% during the 3rd quarter. Johnson Financial Group Inc. now owns 6,615 shares of the company’s stock worth $924,000 after buying an additional 84 shares during the period. 80.17% of the stock is currently owned by institutional investors and hedge funds.

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.