iShares Russell Mid-Cap Value ETF $IWS Stock: Summit Wealth Group LLC Co. Trims Stake

Summit Wealth Group LLC Co. lowered its stake in shares of iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) by 6.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 51,551 shares of the company’s stock after selling 3,796 shares during the quarter. Summit Wealth Group LLC Co.’s holdings in iShares Russell Mid-Cap Value ETF were worth $8,286,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of IWS. First Citizens Bank & Trust Co. bought a new stake in iShares Russell Mid-Cap Value ETF in the 3rd quarter valued at about $297,622,000. Evergreen Capital Management LLC purchased a new stake in shares of iShares Russell Mid-Cap Value ETF during the 3rd quarter valued at approximately $18,681,000. Fifth Third Securities Inc. purchased a new stake in shares of iShares Russell Mid-Cap Value ETF during the 3rd quarter valued at approximately $17,895,000. Hsbc Holdings PLC bought a new position in iShares Russell Mid-Cap Value ETF in the 4th quarter worth approximately $15,226,000. Finally, BOKF NA bought a new position in iShares Russell Mid-Cap Value ETF in the 3rd quarter worth approximately $14,013,000. 80.17% of the stock is owned by hedge funds and other institutional investors.

iShares Russell Mid-Cap Value ETF Trading Up 0.7%

iShares Russell Mid-Cap Value ETF stock opened at $171.22 on Tuesday. iShares Russell Mid-Cap Value ETF has a 1-year low of $133.74 and a 1-year high of $173.52. The firm has a market capitalization of $15.06 billion, a price-to-earnings ratio of 19.11 and a beta of 0.96. The firm has a 50 day simple moving average of $166.67 and a 200 day simple moving average of $159.59.

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.