PNC Financial Services Group Inc. trimmed its position in iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS – Free Report) by 2.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,251,682 shares of the company’s stock after selling 30,350 shares during the period. PNC Financial Services Group Inc. owned 1.31% of iShares Russell Mid-Cap Value ETF worth $182,420,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of IWS. Cassaday & Co Wealth Management LLC increased its holdings in iShares Russell Mid-Cap Value ETF by 1.9% in the 1st quarter. Cassaday & Co Wealth Management LLC now owns 1,023,739 shares of the company’s stock worth $149,200,000 after purchasing an additional 18,611 shares in the last quarter. MWA Asset Management boosted its stake in shares of iShares Russell Mid-Cap Value ETF by 2.3% during the first quarter. MWA Asset Management now owns 11,282 shares of the company’s stock valued at $1,644,000 after purchasing an additional 259 shares in the last quarter. Johnson Financial Group Inc. boosted its stake in shares of iShares Russell Mid-Cap Value ETF by 16.2% during the first quarter. Johnson Financial Group Inc. now owns 7,411 shares of the company’s stock valued at $1,080,000 after purchasing an additional 1,034 shares in the last quarter. Legacy Wealth Managment LLC ID grew its holdings in shares of iShares Russell Mid-Cap Value ETF by 29.3% during the first quarter. Legacy Wealth Managment LLC ID now owns 591 shares of the company’s stock worth $86,000 after purchasing an additional 134 shares during the last quarter. Finally, Next Capital Management LLC grew its holdings in shares of iShares Russell Mid-Cap Value ETF by 65.3% during the first quarter. Next Capital Management LLC now owns 3,712 shares of the company’s stock worth $541,000 after purchasing an additional 1,466 shares during the last quarter. Institutional investors and hedge funds own 80.17% of the company’s stock.
iShares Russell Mid-Cap Value ETF Price Performance
iShares Russell Mid-Cap Value ETF stock opened at $165.37 on Thursday. The business has a 50 day moving average of $162.38 and a 200-day moving average of $154.53. iShares Russell Mid-Cap Value ETF has a 1 year low of $131.46 and a 1 year high of $168.14. The company has a market capitalization of $15.59 billion, a P/E ratio of 19.11 and a beta of 0.95.
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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