iShares Russell Mid-Cap ETF (NYSEARCA:IWR) Reaches New 12-Month High – Time to Buy?

iShares Russell Mid-Cap ETF (NYSEARCA:IWR)’s share price hit 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 trading hands. The stock had previously closed at $89.11.

iShares Russell Mid-Cap ETF Stock Up 2.8 %

The company’s 50 day moving average is $87.41 and its 200-day moving average is $84.03. The firm has a market capitalization of $37.85 billion, a P/E ratio of 20.27 and a beta of 1.02.

Institutional Investors Weigh In On iShares Russell Mid-Cap ETF

Institutional investors have recently bought and sold shares of the stock. Paladin Advisory Group LLC purchased a new position in iShares Russell Mid-Cap ETF during the 2nd quarter worth $27,000. Future Financial Wealth Managment LLC purchased a new stake in iShares Russell Mid-Cap ETF in the 3rd quarter valued at about $30,000. Sage Mountain Advisors LLC lifted its position in shares of iShares Russell Mid-Cap ETF by 50.9% during the 2nd quarter. Sage Mountain Advisors LLC now owns 403 shares of the company’s stock worth $33,000 after buying an additional 136 shares in the last quarter. Beaird Harris Wealth Management LLC purchased a new position in shares of iShares Russell Mid-Cap ETF in the 1st quarter worth approximately $40,000. Finally, Cultivar Capital Inc. purchased a new stake in shares of iShares Russell Mid-Cap ETF during the second quarter valued at approximately $41,000.

iShares Russell Mid-Cap ETF Company Profile

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.