iShares Russell Mid-Cap ETF (NYSEARCA:IWR) Hits New 52-Week High – Should You Buy?

iShares Russell Mid-Cap ETF (NYSEARCA:IWR) shares hit a new 52-week high during trading on Friday . The company traded as high as $94.26 and last traded at $94.09, with a volume of 278774 shares traded. The stock had previously closed at $93.49.

iShares Russell Mid-Cap ETF Stock Up 0.9 %

The stock has a market cap of $38.95 billion, a P/E ratio of 20.27 and a beta of 1.02. The firm has a 50 day moving average price of $89.14 and a 200 day moving average price of $84.98.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. O Shaughnessy Asset Management LLC increased its holdings in iShares Russell Mid-Cap ETF by 13.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 10,545 shares of the company’s stock valued at $887,000 after acquiring an additional 1,239 shares during the last quarter. Axxcess Wealth Management LLC boosted its stake in iShares Russell Mid-Cap ETF by 33.3% during the first quarter. Axxcess Wealth Management LLC now owns 12,142 shares of the company’s stock valued at $1,021,000 after buying an additional 3,030 shares during the last quarter. LRI Investments LLC purchased a new position in iShares Russell Mid-Cap ETF during the 1st quarter valued at approximately $120,000. Public Employees Retirement System of Ohio bought a new stake in iShares Russell Mid-Cap ETF in the 1st quarter worth approximately $1,324,000. Finally, Beaird Harris Wealth Management LLC bought a new stake in iShares Russell Mid-Cap ETF in the 1st quarter worth approximately $40,000.

About iShares Russell Mid-Cap ETF

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.