iShares Russell Mid-Cap ETF (NYSEARCA:IWR) Hits New 1-Year High – Should You Buy?

iShares Russell Mid-Cap ETF (NYSEARCA:IWR)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $106.73 and last traded at $106.71, with a volume of 154582 shares traded. The stock had previously closed at $105.92.

iShares Russell Mid-Cap ETF Trading Up 0.9%

The firm has a market capitalization of $53.75 billion, a P/E ratio of 21.00 and a beta of 1.01. The company’s fifty day simple moving average is $101.53 and its 200 day simple moving average is $99.65.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. SOA Wealth Advisors LLC. grew its holdings in iShares Russell Mid-Cap ETF by 2.1% during the 1st quarter. SOA Wealth Advisors LLC. now owns 30,000 shares of the company’s stock worth $2,917,000 after acquiring an additional 603 shares in the last quarter. Front Row Advisors LLC grew its holdings in iShares Russell Mid-Cap ETF by 5.6% during the 1st quarter. Front Row Advisors LLC now owns 2,844 shares of the company’s stock worth $277,000 after acquiring an additional 150 shares in the last quarter. Paragon Private Wealth Management LLC grew its holdings in iShares Russell Mid-Cap ETF by 3.0% during the 1st quarter. Paragon Private Wealth Management LLC now owns 86,799 shares of the company’s stock worth $8,439,000 after acquiring an additional 2,488 shares in the last quarter. Bull Harbor Capital LLC bought a new position in iShares Russell Mid-Cap ETF during the 1st quarter worth about $442,000. Finally, Ashton Thomas Securities LLC bought a new position in iShares Russell Mid-Cap ETF during the 1st quarter worth about $675,000. 80.16% of the stock is currently owned by institutional investors.

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.