iShares Russell Mid-Cap ETF (NYSEARCA:IWR) Reaches New 1-Year High – Still a Buy?

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

iShares Russell Mid-Cap ETF Stock Up 0.9%

The firm has a market capitalization of $53.75 billion, a PE ratio of 21.00 and a beta of 1.01. The company’s 50-day simple moving average is $101.53 and its 200 day simple moving average is $99.65.

Institutional Trading of iShares Russell Mid-Cap ETF

A number of large investors have recently made changes to their positions in the company. SOA Wealth Advisors LLC. increased its stake in shares of iShares Russell Mid-Cap ETF by 2.1% during the first quarter. SOA Wealth Advisors LLC. now owns 30,000 shares of the company’s stock worth $2,917,000 after buying an additional 603 shares during the period. Front Row Advisors LLC increased its stake in shares of iShares Russell Mid-Cap ETF by 5.6% during the first quarter. Front Row Advisors LLC now owns 2,844 shares of the company’s stock worth $277,000 after buying an additional 150 shares during the period. Paragon Private Wealth Management LLC increased its stake in shares of iShares Russell Mid-Cap ETF by 3.0% during the first quarter. Paragon Private Wealth Management LLC now owns 86,799 shares of the company’s stock worth $8,439,000 after buying an additional 2,488 shares during the period. Bull Harbor Capital LLC purchased a new stake in shares of iShares Russell Mid-Cap ETF during the first quarter worth approximately $442,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of iShares Russell Mid-Cap ETF during the first quarter worth approximately $675,000. 80.16% of the stock is currently 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. 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.