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

iShares Russell Mid-Cap ETF (NYSEARCA:IWR) saw an uptick in trading volume on Monday . 2,976,949 shares traded hands during mid-day trading, an increase of 136% from the previous session’s volume of 1,263,439 shares.The stock last traded at $88.22 and had previously closed at $87.64.

iShares Russell Mid-Cap ETF Price Performance

The firm has a market capitalization of $38.01 billion, a PE ratio of 20.27 and a beta of 1.02. The company has a 50-day moving average price of $87.41 and a 200 day moving average price of $84.03.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of IWR. Mutual of America Capital Management LLC increased its stake in iShares Russell Mid-Cap ETF by 7.0% during the first quarter. Mutual of America Capital Management LLC now owns 9,035 shares of the company’s stock worth $760,000 after acquiring an additional 595 shares during the last quarter. Cambridge Trust Co. increased its position in shares of 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 during the last quarter. LRI Investments LLC purchased a new stake in iShares Russell Mid-Cap ETF during the 1st quarter valued at $120,000. Gradient Investments LLC lifted its position in iShares Russell Mid-Cap ETF by 358.6% in the second quarter. Gradient Investments LLC now owns 12,414 shares of the company’s stock worth $1,007,000 after buying an additional 9,707 shares during the last quarter. Finally, Motiv8 Investments LLC boosted its stake in iShares Russell Mid-Cap ETF by 9.4% during the second quarter. Motiv8 Investments LLC now owns 30,329 shares of the company’s stock worth $2,459,000 after buying an additional 2,609 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.