iShares Russell Mid-Cap Value ETF $IWS Shares Sold by Summit Financial LLC

Summit Financial LLC trimmed its holdings in iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) by 62.5% during the first quarter, Holdings Channel reports. The institutional investor owned 6,168 shares of the company’s stock after selling 10,292 shares during the period. Summit Financial LLC’s holdings in iShares Russell Mid-Cap Value ETF were worth $777,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in IWS. Zions Bancorporation National Association UT acquired a new stake in iShares Russell Mid-Cap Value ETF in the 1st quarter worth about $151,753,000. American Century Companies Inc. acquired a new stake in iShares Russell Mid-Cap Value ETF in the 1st quarter worth about $78,091,000. Bank of America Corp DE boosted its stake in iShares Russell Mid-Cap Value ETF by 14.2% in the 4th quarter. Bank of America Corp DE now owns 4,197,949 shares of the company’s stock worth $542,963,000 after buying an additional 520,436 shares during the last quarter. Pacific Life Fund Advisors LLC acquired a new stake in iShares Russell Mid-Cap Value ETF in the 1st quarter worth about $50,290,000. Finally, Lido Advisors LLC boosted its stake in iShares Russell Mid-Cap Value ETF by 694.1% in the 4th quarter. Lido Advisors LLC now owns 295,952 shares of the company’s stock worth $38,278,000 after buying an additional 258,685 shares during the last quarter. 80.17% of the stock is owned by institutional investors and hedge funds.

iShares Russell Mid-Cap Value ETF Trading Up 2.4%

Shares of NYSEARCA:IWS opened at $139.14 on Friday. The stock’s 50-day moving average price is $134.11 and its two-hundred day moving average price is $128.88. iShares Russell Mid-Cap Value ETF has a 12-month low of $108.85 and a 12-month high of $140.95. The firm has a market cap of $13.89 billion, a price-to-earnings ratio of 19.11 and a beta of 1.08.

iShares Russell Mid-Cap Value ETF 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.