Money Concepts Capital Corp reduced its stake in shares of iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS – Free Report) by 6.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 429,682 shares of the company’s stock after selling 27,437 shares during the quarter. iShares Russell Mid-Cap Value ETF makes up approximately 3.5% of Money Concepts Capital Corp’s investment portfolio, making the stock its 3rd largest position. Money Concepts Capital Corp owned approximately 0.45% of iShares Russell Mid-Cap Value ETF worth $62,622,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. boosted its position in iShares Russell Mid-Cap Value ETF by 1,160.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,565,153 shares of the company’s stock valued at $502,865,000 after buying an additional 3,282,372 shares during the period. Align Financial LLC purchased a new position in shares of iShares Russell Mid-Cap Value ETF during the fourth quarter worth approximately $31,613,000. BNP Paribas Financial Markets raised its stake in shares of iShares Russell Mid-Cap Value ETF by 397.2% during the second quarter. BNP Paribas Financial Markets now owns 248,581 shares of the company’s stock valued at $32,847,000 after acquiring an additional 198,581 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of iShares Russell Mid-Cap Value ETF by 4.4% during the fourth quarter. Wells Fargo & Company MN now owns 3,917,401 shares of the company’s stock valued at $552,549,000 after acquiring an additional 165,686 shares in the last quarter. Finally, Arax Advisory Partners bought a new stake in shares of iShares Russell Mid-Cap Value ETF during the fourth quarter valued at approximately $19,302,000. 80.17% of the stock is currently owned by institutional investors.
iShares Russell Mid-Cap Value ETF Stock Performance
Shares of NYSEARCA IWS opened at $165.00 on Friday. iShares Russell Mid-Cap Value ETF has a 52-week low of $131.46 and a 52-week high of $167.07. The firm has a market capitalization of $15.63 billion, a price-to-earnings ratio of 19.11 and a beta of 0.95. The stock has a 50 day moving average price of $160.89 and a 200 day moving average price of $153.06.
About iShares Russell Mid-Cap Value ETF
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. The Value Index is a subset of the Russell Midcap Index and measures the performance of equity securities issued by those Russell Midcap Index companies with relatively lower price-to-book ratios and lower forecasted growth.
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