Rehmann Capital Advisory Group Cuts Stake in iShares Russell Mid-Cap Value ETF $IWS

Rehmann Capital Advisory Group cut its stake in shares of iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) by 47.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,325 shares of the company’s stock after selling 5,768 shares during the quarter. Rehmann Capital Advisory Group’s holdings in iShares Russell Mid-Cap Value ETF were worth $1,041,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Orgel Wealth Management LLC grew its position in iShares Russell Mid-Cap Value ETF by 14.8% during the 2nd quarter. Orgel Wealth Management LLC now owns 1,923 shares of the company’s stock valued at $317,000 after purchasing an additional 248 shares during the last quarter. First Bancorp Inc ME purchased a new position in iShares Russell Mid-Cap Value ETF in the second quarter worth about $495,000. Compass Financial Management LLC purchased a new position in iShares Russell Mid-Cap Value ETF in the second quarter worth about $85,000. Madison Asset Management LLC bought a new position in shares of iShares Russell Mid-Cap Value ETF in the second quarter worth approximately $203,000. Finally, Processus Wealth & Capital Management LLC lifted its stake in shares of iShares Russell Mid-Cap Value ETF by 1.6% in the second quarter. Processus Wealth & Capital Management LLC now owns 46,612 shares of the company’s stock worth $7,672,000 after buying an additional 714 shares in the last quarter. Hedge funds and other institutional investors own 80.17% of the company’s stock.

iShares Russell Mid-Cap Value ETF Stock Down 0.8%

Shares of IWS opened at $168.38 on Wednesday. iShares Russell Mid-Cap Value ETF has a twelve month low of $133.74 and a twelve month high of $173.52. The company has a market capitalization of $15.69 billion, a P/E ratio of 19.11 and a beta of 0.95. The firm has a 50 day moving average of $168.20 and a 200 day moving average of $159.07.

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.