SVB Wealth LLC Has $40.62 Million Stake in iShares Russell Mid-Cap Value ETF $IWS

SVB Wealth LLC raised its position in iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) by 4.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 290,834 shares of the company’s stock after purchasing an additional 12,077 shares during the quarter. iShares Russell Mid-Cap Value ETF accounts for 2.2% of SVB Wealth LLC’s investment portfolio, making the stock its 10th largest holding. SVB Wealth LLC’s holdings in iShares Russell Mid-Cap Value ETF were worth $40,621,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of IWS. Clearstead Trust LLC acquired a new stake in shares of iShares Russell Mid-Cap Value ETF in the 2nd quarter valued at $25,000. Clean Yield Group acquired a new position in iShares Russell Mid-Cap Value ETF in the third quarter valued at about $25,000. Westside Investment Management Inc. boosted its holdings in iShares Russell Mid-Cap Value ETF by 108.3% during the second quarter. Westside Investment Management Inc. now owns 200 shares of the company’s stock worth $27,000 after buying an additional 104 shares during the last quarter. Financial Consulate Inc. acquired a new position in shares of iShares Russell Mid-Cap Value ETF during the 3rd quarter worth about $29,000. Finally, Rossmore Private Capital bought a new stake in shares of iShares Russell Mid-Cap Value ETF in the 3rd quarter valued at about $29,000. Institutional investors and hedge funds own 80.17% of the company’s stock.

iShares Russell Mid-Cap Value ETF Price Performance

iShares Russell Mid-Cap Value ETF stock opened at $152.26 on Tuesday. The firm has a market capitalization of $15.14 billion, a price-to-earnings ratio of 19.11 and a beta of 1.02. The company’s 50 day simple moving average is $145.14 and its 200 day simple moving average is $140.51. iShares Russell Mid-Cap Value ETF has a fifty-two week low of $108.85 and a fifty-two week high of $152.66.

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.