First Merchants Corp Lowers Stock Holdings in iShares Russell Mid-Cap Value ETF $IWS

First Merchants Corp cut its holdings in iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) by 9.6% in the 1st quarter, HoldingsChannel reports. The fund owned 35,242 shares of the company’s stock after selling 3,750 shares during the period. First Merchants Corp’s holdings in iShares Russell Mid-Cap Value ETF were worth $5,136,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of IWS. Evolve Private Wealth LLC purchased a new position in shares of iShares Russell Mid-Cap Value ETF during the 1st quarter worth $365,000. Allegheny Financial Group grew its position in shares of iShares Russell Mid-Cap Value ETF by 6.8% in the first quarter. Allegheny Financial Group now owns 16,691 shares of the company’s stock valued at $2,433,000 after purchasing an additional 1,059 shares during the period. Vaughan Nelson Investment Management L.P. grew its position in shares of iShares Russell Mid-Cap Value ETF by 15.2% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 2,050 shares of the company’s stock valued at $299,000 after purchasing an additional 270 shares during the period. Triad Wealth Partners LLC acquired a new position in iShares Russell Mid-Cap Value ETF in the first quarter valued at $757,000. Finally, Hsbc Holdings PLC acquired a new position in iShares Russell Mid-Cap Value ETF in the fourth quarter valued at $15,226,000. 80.17% of the stock is currently owned by institutional investors and hedge funds.

iShares Russell Mid-Cap Value ETF Stock Performance

NYSEARCA IWS opened at $162.95 on Monday. The business’s 50-day moving average price is $158.00 and its 200 day moving average price is $150.80. iShares Russell Mid-Cap Value ETF has a twelve month low of $128.00 and a twelve month high of $165.60. The company has a market capitalization of $15.53 billion, a PE ratio of 19.11 and a beta of 0.95.

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.