iShares Russell Mid-Cap ETF (NYSEARCA:IWR) Hits New 1-Year High – Still a Buy?

iShares Russell Mid-Cap ETF (NYSEARCA:IWR)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $91.53 and last traded at $91.39, with a volume of 15722 shares changing hands. The stock had previously closed at $89.11.

iShares Russell Mid-Cap ETF Stock Performance

The stock has a 50-day simple moving average of $87.41 and a two-hundred day simple moving average of $84.03. The firm has a market cap of $37.85 billion, a PE ratio of 20.27 and a beta of 1.02.

Institutional Trading of iShares Russell Mid-Cap ETF

Large investors have recently modified their holdings of the company. Paladin Advisory Group LLC purchased a new stake in shares of iShares Russell Mid-Cap ETF in the 2nd quarter worth $27,000. Future Financial Wealth Managment LLC purchased a new position in shares of iShares Russell Mid-Cap ETF in the 3rd quarter worth $30,000. Sage Mountain Advisors LLC increased its stake in iShares Russell Mid-Cap ETF by 50.9% during the second quarter. Sage Mountain Advisors LLC now owns 403 shares of the company’s stock worth $33,000 after acquiring an additional 136 shares during the last quarter. Beaird Harris Wealth Management LLC purchased a new stake in shares of iShares Russell Mid-Cap ETF in the first quarter valued at $40,000. Finally, Cultivar Capital Inc. bought a new position in iShares Russell Mid-Cap ETF in the 2nd quarter valued at $41,000.

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.