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

iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) shares reached a new 52-week high on Friday . The company traded as high as $138.22 and last traded at $138.22, with a volume of 51361 shares. The stock had previously closed at $137.38.

iShares Russell Mid-Cap Value ETF Trading Up 0.9 %

The stock has a market cap of $14.51 billion, a P/E ratio of 17.15 and a beta of 0.97. The company’s fifty day simple moving average is $132.83 and its 200-day simple moving average is $127.07.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Accredited Investors Inc. raised its holdings in shares of iShares Russell Mid-Cap Value ETF by 2,738.7% in the 3rd quarter. Accredited Investors Inc. now owns 2,296,845 shares of the company’s stock worth $303,758,000 after buying an additional 2,215,933 shares in the last quarter. Cetera Investment Advisers raised its stake in iShares Russell Mid-Cap Value ETF by 648.3% during the first quarter. Cetera Investment Advisers now owns 295,739 shares of the company’s stock worth $37,065,000 after acquiring an additional 256,218 shares in the last quarter. Anchor Capital Advisors LLC lifted its holdings in shares of iShares Russell Mid-Cap Value ETF by 139.3% during the second quarter. Anchor Capital Advisors LLC now owns 341,598 shares of the company’s stock valued at $41,245,000 after acquiring an additional 198,869 shares during the period. International Assets Investment Management LLC boosted its stake in shares of iShares Russell Mid-Cap Value ETF by 1,813.0% in the 3rd quarter. International Assets Investment Management LLC now owns 146,861 shares of the company’s stock valued at $19,422,000 after purchasing an additional 139,184 shares in the last quarter. Finally, FSA Wealth Management LLC bought a new stake in shares of iShares Russell Mid-Cap Value ETF in the 3rd quarter worth about $15,283,000.

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.