iShares Russell Mid-Cap ETF (NYSEARCA:IWR) Sets New 52-Week High – Still a Buy?

iShares Russell Mid-Cap ETF (NYSEARCA:IWR) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $110.76 and last traded at $110.66, with a volume of 492807 shares traded. The stock had previously closed at $110.32.

iShares Russell Mid-Cap ETF Trading Up 0.6%

The stock has a market capitalization of $55.83 billion, a PE ratio of 21.00 and a beta of 1.00. The company’s 50 day simple moving average is $106.34 and its 200 day simple moving average is $101.96.

Institutional Investors Weigh In On iShares Russell Mid-Cap ETF

Hedge funds have recently made changes to their positions in the business. NFSG Corp lifted its position in iShares Russell Mid-Cap ETF by 93.1% during the first quarter. NFSG Corp now owns 280 shares of the company’s stock worth $27,000 after buying an additional 135 shares during the period. HFM Investment Advisors LLC purchased a new stake in iShares Russell Mid-Cap ETF in the 4th quarter valued at about $28,000. Frazier Financial Advisors LLC purchased a new stake in iShares Russell Mid-Cap ETF in the 1st quarter valued at about $31,000. KERR FINANCIAL PLANNING Corp purchased a new stake in iShares Russell Mid-Cap ETF in the 3rd quarter valued at about $32,000. Finally, Reflection Asset Management acquired a new position in shares of iShares Russell Mid-Cap ETF during the 4th quarter valued at about $33,000. Institutional investors and hedge funds own 80.16% of the company’s stock.

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.