First Bancorp Inc ME Takes $495,000 Position in iShares Russell Mid-Cap Value ETF $IWS

First Bancorp Inc ME purchased a new stake in iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) during the second quarter, according to its most recent filing with the SEC. The firm purchased 3,010 shares of the company’s stock, valued at approximately $495,000.

Other institutional investors have also recently bought and sold shares of the company. Wells Fargo & Company MN raised its holdings in iShares Russell Mid-Cap Value ETF by 4.4% in the fourth quarter. Wells Fargo & Company MN now owns 3,917,401 shares of the company’s stock worth $552,549,000 after purchasing an additional 165,686 shares during the period. Bank of America Corp DE raised its stake in iShares Russell Mid-Cap Value ETF by 0.4% during the 2nd quarter. Bank of America Corp DE now owns 3,759,738 shares of the company’s stock worth $496,812,000 after buying an additional 16,361 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in iShares Russell Mid-Cap Value ETF by 1,160.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,565,153 shares of the company’s stock worth $502,865,000 after acquiring an additional 3,282,372 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in iShares Russell Mid-Cap Value ETF by 1.2% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 2,856,534 shares of the company’s stock worth $402,914,000 after acquiring an additional 33,247 shares in the last quarter. Finally, First Citizens Bank & Trust Co. grew its stake in iShares Russell Mid-Cap Value ETF by 1.2% in the fourth quarter. First Citizens Bank & Trust Co. now owns 2,732,375 shares of the company’s stock valued at $385,401,000 after acquiring an additional 33,376 shares during the period. Institutional investors and hedge funds own 80.17% of the company’s stock.

iShares Russell Mid-Cap Value ETF Price Performance

NYSEARCA IWS opened at $171.66 on Wednesday. The firm has a market cap of $16.00 billion, a P/E ratio of 19.11 and a beta of 0.95. The stock’s 50-day moving average is $167.41 and its 200-day moving average is $158.40. iShares Russell Mid-Cap Value ETF has a one year low of $133.74 and a one year high of $173.52.

iShares Russell Mid-Cap Value ETF Company 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. 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.