Private Management Group Inc. Acquires 6,949 Shares of iShares Russell Mid-Cap Value ETF $IWS

Private Management Group Inc. acquired a new stake in shares of iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) during the third quarter, Holdings Channel reports. The institutional investor acquired 6,949 shares of the company’s stock, valued at approximately $1,117,000.

Several other hedge funds have also recently made changes to their positions in the company. First Citizens Bank & Trust Co. purchased a new position in iShares Russell Mid-Cap Value ETF in the 3rd quarter worth $297,622,000. Commonwealth Equity Services LLC acquired a new stake in iShares Russell Mid-Cap Value ETF during the 3rd quarter worth about $272,601,000. Chicago Partners Investment Group LLC purchased a new stake in iShares Russell Mid-Cap Value ETF during the 3rd quarter valued at about $42,183,000. Evergreen Capital Management LLC purchased a new stake in iShares Russell Mid-Cap Value ETF during the 3rd quarter valued at about $18,681,000. Finally, Fifth Third Securities Inc. acquired a new position in shares of iShares Russell Mid-Cap Value ETF in the third quarter valued at about $17,895,000. 80.17% of the stock is owned by institutional investors and hedge funds.

iShares Russell Mid-Cap Value ETF Stock Down 0.1%

Shares of NYSEARCA:IWS opened at $172.27 on Wednesday. iShares Russell Mid-Cap Value ETF has a 52-week low of $133.74 and a 52-week high of $174.42. The stock has a market cap of $15.10 billion, a price-to-earnings ratio of 18.85 and a beta of 0.95. The business has a 50-day moving average price of $166.64 and a 200-day moving average price of $160.28.

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.