Montgomery Financial Services LLC Invests $6.52 Million in iShares Russell Mid-Cap Value ETF $IWS

Montgomery Financial Services LLC bought a new stake in shares of iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 39,630 shares of the company’s stock, valued at approximately $6,523,000. iShares Russell Mid-Cap Value ETF makes up approximately 5.7% of Montgomery Financial Services LLC’s holdings, making the stock its 5th largest holding.

Other hedge funds also recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC boosted its holdings in iShares Russell Mid-Cap Value ETF by 376.6% in the second quarter. Concurrent Investment Advisors LLC now owns 27,518 shares of the company’s stock worth $4,530,000 after acquiring an additional 21,744 shares in the last quarter. Montz Harcus Wealth Management LLC acquired a new position in shares of iShares Russell Mid-Cap Value ETF during the second quarter valued at about $212,000. Continuum Advisory LLC acquired a new position in shares of iShares Russell Mid-Cap Value ETF during the second quarter valued at about $214,000. XML Financial LLC raised its position in shares of iShares Russell Mid-Cap Value ETF by 0.4% in the 2nd quarter. XML Financial LLC now owns 68,063 shares of the company’s stock valued at $11,203,000 after purchasing an additional 271 shares during the last quarter. Finally, First Citizens Financial Corp purchased a new position in shares of iShares Russell Mid-Cap Value ETF in the 2nd quarter valued at approximately $213,000. 80.17% of the stock is owned by institutional investors and hedge funds.

iShares Russell Mid-Cap Value ETF Stock Down 0.4%

IWS stock opened at $170.28 on Friday. The stock has a market capitalization of $15.87 billion, a PE ratio of 19.11 and a beta of 0.95. iShares Russell Mid-Cap Value ETF has a 52 week low of $133.74 and a 52 week high of $173.52. The firm has a 50 day moving average of $168.52 and a 200 day moving average of $159.41.

iShares Russell Mid-Cap Value ETF 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.