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

iShares Russell Mid-Cap ETF (NYSEARCA:IWR) shares reached a new 52-week high on Tuesday . The stock traded as high as $111.49 and last traded at $111.37, with a volume of 122977 shares traded. The stock had previously closed at $111.08.

iShares Russell Mid-Cap ETF Stock Performance

The stock’s fifty day moving average is $108.91 and its two-hundred day moving average is $103.96. The firm has a market cap of $56.63 billion, a price-to-earnings ratio of 21.00 and a beta of 1.00.

Institutional Investors Weigh In On iShares Russell Mid-Cap ETF

Institutional investors have recently bought and sold shares of the stock. NFSG Corp raised its position in shares of iShares Russell Mid-Cap ETF by 93.1% during the 1st quarter. NFSG Corp now owns 280 shares of the company’s stock worth $27,000 after buying an additional 135 shares in the last quarter. HFM Investment Advisors LLC acquired a new stake in iShares Russell Mid-Cap ETF in the fourth quarter worth approximately $28,000. Frazier Financial Advisors LLC bought a new position in iShares Russell Mid-Cap ETF during the 1st quarter valued at $31,000. Reflection Asset Management bought a new stake in shares of iShares Russell Mid-Cap ETF in the 4th quarter worth $33,000. Finally, Scarborough Advisors LLC bought a new position in shares of iShares Russell Mid-Cap ETF in the first quarter valued at $38,000. Institutional investors and hedge funds own 80.16% of the company’s stock.

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.