iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) Reaches New 12-Month High – Should You Buy?

Shares of iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $154.48 and last traded at $153.5810, with a volume of 28914 shares trading hands. The stock had previously closed at $153.32.

iShares Russell Mid-Cap Value ETF Price Performance

The business has a fifty day simple moving average of $148.15 and a two-hundred day simple moving average of $142.17. The company has a market cap of $15.31 billion, a PE ratio of 19.11 and a beta of 1.02.

Institutional Investors Weigh In On iShares Russell Mid-Cap Value ETF

Large investors have recently modified their holdings of the stock. Cahaba Wealth Management Inc. boosted its position in iShares Russell Mid-Cap Value ETF by 1.9% during the third quarter. Cahaba Wealth Management Inc. now owns 4,040 shares of the company’s stock worth $564,000 after purchasing an additional 74 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of iShares Russell Mid-Cap Value ETF by 1.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 7,758 shares of the company’s stock valued at $1,094,000 after acquiring an additional 76 shares during the last quarter. Magnus Financial Group LLC raised its position in shares of iShares Russell Mid-Cap Value ETF by 3.1% during the 4th quarter. Magnus Financial Group LLC now owns 2,589 shares of the company’s stock valued at $365,000 after acquiring an additional 77 shares in the last quarter. Sonata Capital Group Inc. lifted its stake in iShares Russell Mid-Cap Value ETF by 0.8% during the fourth quarter. Sonata Capital Group Inc. now owns 9,276 shares of the company’s stock worth $1,308,000 after purchasing an additional 77 shares during the last quarter. Finally, Horst & Graben Wealth Management LLC boosted its holdings in iShares Russell Mid-Cap Value ETF by 0.6% in the third quarter. Horst & Graben Wealth Management LLC now owns 13,411 shares of the company’s stock worth $1,873,000 after purchasing an additional 79 shares during the period. Hedge funds and other institutional investors own 80.17% of the company’s stock.

iShares Russell Mid-Cap Value ETF Company Profile

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.