iShares Russell Mid-Cap ETF (NYSEARCA:IWR) Sees Unusually-High Trading Volume – Still a Buy?

Shares of iShares Russell Mid-Cap ETF (NYSEARCA:IWR) saw unusually-high trading volume on Friday . Approximately 2,495,857 shares changed hands during trading, an increase of 80% from the previous session’s volume of 1,388,312 shares.The stock last traded at $84.88 and had previously closed at $86.06.

iShares Russell Mid-Cap ETF Price Performance

The company has a market cap of $37.80 billion, a PE ratio of 20.81 and a beta of 1.13. The stock’s 50-day moving average is $89.48 and its 200 day moving average is $89.75.

Institutional Trading of iShares Russell Mid-Cap ETF

Large investors have recently added to or reduced their stakes in the company. Life Line Wealth Management LLC raised its position in iShares Russell Mid-Cap ETF by 0.5% during the fourth quarter. Life Line Wealth Management LLC now owns 395,480 shares of the company’s stock valued at $34,960,000 after acquiring an additional 2,115 shares in the last quarter. M1 Capital Management LLC purchased a new position in shares of iShares Russell Mid-Cap ETF during the 4th quarter valued at approximately $429,000. Chancellor Financial Group WB LP acquired a new position in shares of iShares Russell Mid-Cap ETF in the 4th quarter valued at $269,000. Tableaux LLC purchased a new stake in iShares Russell Mid-Cap ETF during the fourth quarter worth $262,000. Finally, Centaurus Financial Inc. grew its position in iShares Russell Mid-Cap ETF by 25.2% during the fourth quarter. Centaurus Financial Inc. now owns 4,373 shares of the company’s stock valued at $387,000 after buying an additional 881 shares during the period.

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.