iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) Hits New 1-Year High – Time to Buy?

Shares of iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $149.33 and last traded at $148.8640, with a volume of 362848 shares traded. The stock had previously closed at $146.23.

iShares Russell Mid-Cap Value ETF Stock Up 1.8%

The firm has a market capitalization of $14.96 billion, a PE ratio of 19.11 and a beta of 1.02. The company has a 50-day moving average of $142.17 and a 200 day moving average of $139.15.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Bank of America Corp DE lifted its position in iShares Russell Mid-Cap Value ETF by 0.4% during the second quarter. Bank of America Corp DE now owns 3,759,738 shares of the company’s stock valued at $496,812,000 after purchasing an additional 16,361 shares during the last quarter. TIAA Trust National Association increased its holdings in shares of iShares Russell Mid-Cap Value ETF by 1.0% in the 3rd quarter. TIAA Trust National Association now owns 3,427,479 shares of the company’s stock worth $478,709,000 after buying an additional 34,466 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of iShares Russell Mid-Cap Value ETF by 1.7% during the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 2,823,287 shares of the company’s stock valued at $394,329,000 after buying an additional 48,211 shares in the last quarter. First Citizens Bank & Trust Co. raised its position in shares of iShares Russell Mid-Cap Value ETF by 3.1% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 2,698,999 shares of the company’s stock valued at $376,969,000 after buying an additional 80,032 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of iShares Russell Mid-Cap Value ETF by 3.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,128,123 shares of the company’s stock worth $149,477,000 after acquiring an additional 36,938 shares during the last quarter. 80.17% of the stock is currently owned by institutional investors.

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.