iShares Russell Mid-Cap ETF (NYSEARCA:IWR) Sets New 52-Week High – What’s Next?

iShares Russell Mid-Cap ETF (NYSEARCA:IWR) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $106.20 and last traded at $105.64, with a volume of 229124 shares. The stock had previously closed at $105.06.

iShares Russell Mid-Cap ETF Stock Up 0.3%

The business’s fifty day moving average is $100.62 and its two-hundred day moving average is $98.93. The stock has a market capitalization of $52.92 billion, a PE ratio of 21.00 and a beta of 1.01.

Hedge Funds Weigh In On iShares Russell Mid-Cap ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. HORAN Wealth LLC increased its stake in iShares Russell Mid-Cap ETF by 100.0% during the first quarter. HORAN Wealth LLC now owns 42,236 shares of the company’s stock worth $4,067,000 after acquiring an additional 21,118 shares during the last quarter. Glenview Trust Co increased its stake in iShares Russell Mid-Cap ETF by 3.4% in the first quarter. Glenview Trust Co now owns 1,350,641 shares of the company’s stock worth $131,323,000 after purchasing an additional 44,178 shares during the period. Cassaday & Co Wealth Management LLC lifted its position in shares of iShares Russell Mid-Cap ETF by 11.3% during the first quarter. Cassaday & Co Wealth Management LLC now owns 12,604 shares of the company’s stock worth $1,225,000 after purchasing an additional 1,275 shares during the last quarter. JMG Financial Group Ltd. boosted its stake in shares of iShares Russell Mid-Cap ETF by 5.6% during the first quarter. JMG Financial Group Ltd. now owns 916,371 shares of the company’s stock valued at $89,099,000 after purchasing an additional 48,213 shares during the period. Finally, Fox Financial Inc boosted its stake in shares of iShares Russell Mid-Cap ETF by 0.9% during the first quarter. Fox Financial Inc now owns 157,962 shares of the company’s stock valued at $15,359,000 after purchasing an additional 1,405 shares during the period. 80.16% of the stock is 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.