Principal Financial Group Inc. Raises Holdings in iShares Russell Mid-Cap Value ETF $IWS

Principal Financial Group Inc. raised its position in shares of iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) by 34.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,225 shares of the company’s stock after buying an additional 6,704 shares during the quarter. Principal Financial Group Inc.’s holdings in iShares Russell Mid-Cap Value ETF were worth $3,822,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Signature Resources Capital Management LLC increased its position in iShares Russell Mid-Cap Value ETF by 116.5% in the first quarter. Signature Resources Capital Management LLC now owns 171 shares of the company’s stock worth $25,000 after purchasing an additional 92 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in shares of iShares Russell Mid-Cap Value ETF in the 4th quarter worth about $28,000. Triumph Capital Management purchased a new stake in shares of iShares Russell Mid-Cap Value ETF during the 3rd quarter valued at about $29,000. Laurel Wealth Advisors LLC bought a new position in shares of iShares Russell Mid-Cap Value ETF in the 4th quarter valued at about $35,000. Finally, Palisade Asset Management LLC purchased a new position in iShares Russell Mid-Cap Value ETF in the third quarter worth about $43,000. 80.17% of the stock is owned by hedge funds and other institutional investors.

iShares Russell Mid-Cap Value ETF Price Performance

Shares of IWS stock opened at $167.97 on Thursday. The company has a market cap of $15.65 billion, a PE ratio of 19.11 and a beta of 0.95. iShares Russell Mid-Cap Value ETF has a 1 year low of $131.46 and a 1 year high of $169.71. The stock’s 50 day simple moving average is $163.51 and its two-hundred day simple moving average is $155.32.

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.