iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) Sets New 52-Week High – Still a Buy?

Shares of iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $169.87 and last traded at $169.84, with a volume of 62630 shares changing hands. The stock had previously closed at $168.79.

iShares Russell Mid-Cap Value ETF Price Performance

The stock has a market capitalization of $15.94 billion, a P/E ratio of 19.11 and a beta of 0.95. The stock has a fifty day moving average price of $164.08 and a 200 day moving average price of $155.76.

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

Hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN increased its stake in iShares Russell Mid-Cap Value ETF by 4.4% in the 4th quarter. Wells Fargo & Company MN now owns 3,917,401 shares of the company’s stock worth $552,549,000 after acquiring an additional 165,686 shares during the last quarter. Bank of America Corp DE increased its position in shares of iShares Russell Mid-Cap Value ETF by 0.4% in the second quarter. Bank of America Corp DE now owns 3,759,738 shares of the company’s stock worth $496,812,000 after purchasing an additional 16,361 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in iShares Russell Mid-Cap Value ETF by 1,160.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,565,153 shares of the company’s stock valued at $502,865,000 after purchasing an additional 3,282,372 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in iShares Russell Mid-Cap Value ETF by 1.2% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 2,856,534 shares of the company’s stock valued at $402,914,000 after purchasing an additional 33,247 shares during the last quarter. Finally, First Citizens Bank & Trust Co. grew its stake in iShares Russell Mid-Cap Value ETF by 1.2% in the 4th quarter. First Citizens Bank & Trust Co. now owns 2,732,375 shares of the company’s stock worth $385,401,000 after buying an additional 33,376 shares in the last quarter. 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.