iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) Hits 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 stock traded as high as $167.09 and last traded at $167.03, with a volume of 59558 shares. The stock had previously closed at $165.33.

iShares Russell Mid-Cap Value ETF Stock Down 0.6%

The business has a 50-day moving average price of $161.95 and a two-hundred day moving average price of $153.95. The company has a market capitalization of $15.67 billion, a price-to-earnings ratio of 19.11 and a beta of 0.95.

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

Several large investors have recently added to or reduced their stakes in the business. Signature Resources Capital Management LLC raised its stake in shares of iShares Russell Mid-Cap Value ETF by 116.5% in the first quarter. Signature Resources Capital Management LLC now owns 171 shares of the company’s stock worth $25,000 after purchasing an additional 92 shares during the last quarter. Allied Private Wealth LLC bought a new stake in iShares Russell Mid-Cap Value ETF during the second quarter worth $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in iShares Russell Mid-Cap Value ETF during the fourth quarter worth $28,000. Triumph Capital Management purchased a new stake in iShares Russell Mid-Cap Value ETF in the 3rd quarter valued at $29,000. Finally, Laurel Wealth Advisors LLC purchased a new stake in iShares Russell Mid-Cap Value ETF in the 4th quarter valued at $35,000. 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.