First Citizens Bank & Trust Co. acquired a new stake in iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS – Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,851,574 shares of the company’s stock, valued at approximately $297,622,000. iShares Russell Mid-Cap Value ETF accounts for about 4.1% of First Citizens Bank & Trust Co.’s investment portfolio, making the stock its 4th biggest position.
A number of other hedge funds also recently modified their holdings of IWS. Cassaday & Co Wealth Management LLC lifted its stake in shares of iShares Russell Mid-Cap Value ETF by 1.9% during the 1st quarter. Cassaday & Co Wealth Management LLC now owns 1,023,739 shares of the company’s stock worth $149,200,000 after buying an additional 18,611 shares during the last quarter. Lido Advisors LLC grew its stake in iShares Russell Mid-Cap Value ETF by 6.9% in the 1st quarter. Lido Advisors LLC now owns 321,226 shares of the company’s stock valued at $46,816,000 after buying an additional 20,686 shares during the last quarter. SVB Wealth LLC grew its stake in iShares Russell Mid-Cap Value ETF by 5.8% in the 2nd quarter. SVB Wealth LLC now owns 276,422 shares of the company’s stock valued at $45,499,000 after buying an additional 15,220 shares during the last quarter. Cedar Mountain Advisors LLC grew its stake in iShares Russell Mid-Cap Value ETF by 0.4% in the 2nd quarter. Cedar Mountain Advisors LLC now owns 252,713 shares of the company’s stock valued at $41,597,000 after buying an additional 1,131 shares during the last quarter. Finally, Align Financial LLC bought a new position in iShares Russell Mid-Cap Value ETF in the 4th quarter valued at about $31,613,000. Institutional investors and hedge funds own 80.17% of the company’s stock.
iShares Russell Mid-Cap Value ETF Stock Up 0.3%
Shares of IWS stock opened at $165.43 on Wednesday. The firm has a 50 day moving average price of $167.60 and a two-hundred day moving average price of $162.36. The company has a market capitalization of $15.36 billion, a PE ratio of 19.11 and a beta of 0.96. iShares Russell Mid-Cap Value ETF has a 12-month low of $133.74 and a 12-month high of $173.52.
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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