iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS – Get Free Report) saw unusually-high trading volume on Monday. Approximately 3,093,517 shares were traded during trading, an increase of 574% from the previous session’s volume of 458,879 shares. The stock last traded at $168.9390 and had previously closed at $168.43.
iShares Russell Mid-Cap Value ETF Price Performance
The firm’s 50-day moving average price is $166.86 and its 200-day moving average price is $163.55. The stock has a market cap of $15.67 billion, a P/E ratio of 19.11 and a beta of 0.96.
Institutional Investors Weigh In On iShares Russell Mid-Cap Value ETF
A number of hedge funds have recently bought and sold shares of the business. First Citizens Bank & Trust Co. acquired a new position in shares of iShares Russell Mid-Cap Value ETF during the 3rd quarter worth approximately $297,622,000. Evergreen Capital Management LLC purchased a new stake in shares of iShares Russell Mid-Cap Value ETF during the third quarter worth approximately $18,681,000. Fifth Third Securities Inc. acquired a new position in shares of iShares Russell Mid-Cap Value ETF during the 3rd quarter worth about $17,895,000. Hsbc Holdings PLC acquired a new stake in iShares Russell Mid-Cap Value ETF during the 4th quarter worth $15,226,000. Finally, Fifth Third Bancorp grew its stake in iShares Russell Mid-Cap Value ETF by 71.3% during the 1st quarter. Fifth Third Bancorp now owns 203,918 shares of the company’s stock worth $29,719,000 after buying an additional 84,906 shares during the last quarter. Hedge funds and other institutional investors own 80.17% of the company’s stock.
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.
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