iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) Reaches New 12-Month High – Still a Buy?

iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $167.09 and last traded at $167.03, with a volume of 59558 shares changing hands. The stock had previously closed at $165.33.

iShares Russell Mid-Cap Value ETF Stock Performance

The firm has a market cap of $15.72 billion, a price-to-earnings ratio of 19.11 and a beta of 0.95. The business’s 50 day moving average price is $161.58 and its 200 day moving average price is $153.69.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its position in shares of iShares Russell Mid-Cap Value ETF by 1,160.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,565,153 shares of the company’s stock valued at $502,865,000 after buying an additional 3,282,372 shares in the last quarter. Align Financial LLC acquired a new stake in iShares Russell Mid-Cap Value ETF in the 4th quarter valued at $31,613,000. BNP Paribas Financial Markets increased its holdings in iShares Russell Mid-Cap Value ETF by 397.2% in the 2nd quarter. BNP Paribas Financial Markets now owns 248,581 shares of the company’s stock worth $32,847,000 after acquiring an additional 198,581 shares in the last quarter. Wells Fargo & Company MN raised its position in iShares Russell Mid-Cap Value ETF by 4.4% during the fourth quarter. Wells Fargo & Company MN now owns 3,917,401 shares of the company’s stock worth $552,549,000 after acquiring an additional 165,686 shares during the period. Finally, Arax Advisory Partners acquired a new position in iShares Russell Mid-Cap Value ETF during the fourth quarter worth $19,302,000. Hedge funds and other institutional investors own 80.17% of the company’s stock.

iShares Russell Mid-Cap Value ETF Company Profile

iShares Russell Mid-Cap Value ETF (the Fund), formerly iShares Russell Midcap Value 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 Value Index (the Value Index). The Value Index measures the performance of the mid-capitalization value sector of the United States equity market. The Value Index is a subset of the Russell Midcap Index and measures the performance of equity securities issued by those Russell Midcap Index companies with relatively lower price-to-book ratios and lower forecasted growth.