iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) Reaches New 52-Week High – Should You Buy?

iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) shares hit a new 52-week high during trading on Friday . The stock traded as high as $162.85 and last traded at $162.20, with a volume of 14232 shares. The stock had previously closed at $158.55.

iShares Russell Mid-Cap Value ETF Stock Up 0.9%

The company has a market cap of $15.56 billion, a P/E ratio of 19.11 and a beta of 0.95. The business has a fifty day simple moving average of $156.21 and a two-hundred day simple moving average of $149.83.

Hedge Funds Weigh In On iShares Russell Mid-Cap Value ETF

Several institutional investors have recently made changes to their positions in IWS. NewEdge Advisors LLC grew its position in iShares Russell Mid-Cap Value ETF by 10.4% during the first quarter. NewEdge Advisors LLC now owns 85,023 shares of the company’s stock valued at $12,391,000 after buying an additional 7,995 shares during the period. Keel Point LLC raised its position in iShares Russell Mid-Cap Value ETF by 19.8% in the first quarter. Keel Point LLC now owns 6,835 shares of the company’s stock worth $996,000 after acquiring an additional 1,128 shares during the period. McIlrath & Eck LLC boosted its stake in shares of iShares Russell Mid-Cap Value ETF by 19.5% during the 1st quarter. McIlrath & Eck LLC now owns 614 shares of the company’s stock worth $89,000 after acquiring an additional 100 shares during the last quarter. Arkadios Wealth Advisors boosted its stake in shares of iShares Russell Mid-Cap Value ETF by 6.9% during the 1st quarter. Arkadios Wealth Advisors now owns 14,613 shares of the company’s stock worth $2,130,000 after acquiring an additional 939 shares during the last quarter. Finally, Excelsior Advisor Network LLC bought a new stake in shares of iShares Russell Mid-Cap Value ETF during the 1st quarter valued at $210,000. Institutional investors own 80.17% of the company’s stock.

About iShares Russell Mid-Cap Value ETF

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.