iShares Russell Mid-Cap ETF (NYSEARCA:IWR) Hits New 12-Month High – Here’s What Happened

Shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR) hit a new 52-week high during trading on Friday . The company traded as high as $97.76 and last traded at $97.71, with a volume of 265634 shares traded. The stock had previously closed at $96.94.

iShares Russell Mid-Cap ETF Price Performance

The business’s 50 day simple moving average is $95.35 and its 200 day simple moving average is $90.31. The company has a market capitalization of $45.27 billion, a PE ratio of 21.00 and a beta of 1.09.

Hedge Funds Weigh In On iShares Russell Mid-Cap ETF

A number of institutional investors have recently bought and sold shares of the company. Jones Financial Companies Lllp raised its stake in iShares Russell Mid-Cap ETF by 6.9% during the first quarter. Jones Financial Companies Lllp now owns 66,497,354 shares of the company’s stock worth $5,628,396,000 after purchasing an additional 4,290,076 shares during the period. US Bancorp DE raised its stake in iShares Russell Mid-Cap ETF by 2.2% during the first quarter. US Bancorp DE now owns 19,325,451 shares of the company’s stock worth $1,644,034,000 after purchasing an additional 418,491 shares during the period. Bank of New York Mellon Corp raised its stake in iShares Russell Mid-Cap ETF by 23.5% during the second quarter. Bank of New York Mellon Corp now owns 9,899,322 shares of the company’s stock worth $910,441,000 after purchasing an additional 1,880,984 shares during the period. Northern Trust Corp raised its stake in iShares Russell Mid-Cap ETF by 0.8% during the first quarter. Northern Trust Corp now owns 9,371,071 shares of the company’s stock worth $797,197,000 after purchasing an additional 75,638 shares during the period. Finally, Baird Financial Group Inc. raised its stake in iShares Russell Mid-Cap ETF by 1.8% during the first quarter. Baird Financial Group Inc. now owns 8,218,663 shares of the company’s stock worth $699,162,000 after purchasing an additional 142,576 shares during the period. 80.16% of the stock is owned by hedge funds and other institutional investors.

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.