iShares Russell Mid-Cap ETF (NYSEARCA:IWR) Reaches New 52-Week High – Here’s Why

iShares Russell Mid-Cap ETF (NYSEARCA:IWR) shares hit a new 52-week high during trading on Friday . The stock traded as high as $90.12 and last traded at $90.06, with a volume of 295538 shares. The stock had previously closed at $89.74.

iShares Russell Mid-Cap ETF Stock Up 0.3 %

The stock has a market capitalization of $37.18 billion, a P/E ratio of 20.27 and a beta of 1.02. The company has a 50 day moving average of $86.29 and a 200-day moving average of $83.33.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Mission Wealth Management LP increased its stake in shares of iShares Russell Mid-Cap ETF by 22.1% in the first quarter. Mission Wealth Management LP now owns 8,749 shares of the company’s stock worth $736,000 after acquiring an additional 1,584 shares during the last quarter. Mutual of America Capital Management LLC boosted its position in iShares Russell Mid-Cap ETF by 7.0% in the first quarter. Mutual of America Capital Management LLC now owns 9,035 shares of the company’s stock valued at $760,000 after buying an additional 595 shares in the last quarter. Cambridge Trust Co. increased its holdings in iShares Russell Mid-Cap ETF by 2.8% during the 1st quarter. Cambridge Trust Co. now owns 8,344 shares of the company’s stock valued at $702,000 after purchasing an additional 224 shares in the last quarter. LRI Investments LLC bought a new stake in iShares Russell Mid-Cap ETF during the 1st quarter worth about $120,000. Finally, Gradient Investments LLC boosted its position in iShares Russell Mid-Cap ETF by 358.6% in the 2nd quarter. Gradient Investments LLC now owns 12,414 shares of the company’s stock valued at $1,007,000 after buying an additional 9,707 shares during the last quarter.

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.