First Citizens Asset Management Inc. Raises Stock Position in iShares Russell Mid-Cap Value ETF $IWS

First Citizens Asset Management Inc. increased its holdings in iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) by 5.7% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 164,471 shares of the company’s stock after purchasing an additional 8,815 shares during the quarter. iShares Russell Mid-Cap Value ETF comprises about 8.5% of First Citizens Asset Management Inc.’s portfolio, making the stock its 5th biggest holding. First Citizens Asset Management Inc.’s holdings in iShares Russell Mid-Cap Value ETF were worth $23,970,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Rehmann Capital Advisory Group grew its position in iShares Russell Mid-Cap Value ETF by 0.6% in the fourth quarter. Rehmann Capital Advisory Group now owns 12,277 shares of the company’s stock worth $1,732,000 after buying an additional 72 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of iShares Russell Mid-Cap Value ETF by 1.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 7,758 shares of the company’s stock worth $1,094,000 after acquiring an additional 76 shares in the last quarter. Magnus Financial Group LLC lifted its stake in iShares Russell Mid-Cap Value ETF by 3.1% in the fourth quarter. Magnus Financial Group LLC now owns 2,589 shares of the company’s stock valued at $365,000 after acquiring an additional 77 shares during the last quarter. Sonata Capital Group Inc. raised its stake in shares of iShares Russell Mid-Cap Value ETF by 0.8% in the 4th quarter. Sonata Capital Group Inc. now owns 9,276 shares of the company’s stock valued at $1,308,000 after acquiring an additional 77 shares in the last quarter. Finally, Heck Capital Advisors LLC boosted its holdings in iShares Russell Mid-Cap Value ETF by 0.8% during the fourth quarter. Heck Capital Advisors LLC now owns 10,774 shares of the company’s stock valued at $1,520,000 after acquiring an additional 81 shares during the period. 80.17% of the stock is currently owned by institutional investors.

iShares Russell Mid-Cap Value ETF Price Performance

NYSEARCA:IWS opened at $164.08 on Tuesday. The stock has a market cap of $15.64 billion, a P/E ratio of 19.11 and a beta of 0.95. The company has a fifty day moving average price of $158.24 and a 200 day moving average price of $150.97. iShares Russell Mid-Cap Value ETF has a one year low of $128.00 and a one year high of $165.60.

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.