Covenant Partners LLC Sells 154,567 Shares of iShares Russell Mid-Cap Value ETF $IWS

Covenant Partners LLC decreased its position in shares of iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) by 99.9% in the 4th quarter, Holdings Channel reports. The firm owned 191 shares of the company’s stock after selling 154,567 shares during the quarter. Covenant Partners LLC’s holdings in iShares Russell Mid-Cap Value ETF were worth $27,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in IWS. BNP Paribas Financial Markets raised its holdings in iShares Russell Mid-Cap Value ETF by 397.2% during the 2nd quarter. BNP Paribas Financial Markets now owns 248,581 shares of the company’s stock worth $32,847,000 after purchasing an additional 198,581 shares during the last quarter. Moran Wealth Management LLC bought a new position in iShares Russell Mid-Cap Value ETF during the 3rd quarter worth approximately $23,756,000. First Citizens Investor Services Inc. bought a new position in iShares Russell Mid-Cap Value ETF during the 3rd quarter worth approximately $19,665,000. CIBC Bancorp USA Inc. bought a new position in iShares Russell Mid-Cap Value ETF during the 3rd quarter worth approximately $18,761,000. Finally, Assetmark Inc. raised its holdings in iShares Russell Mid-Cap Value ETF by 1,496.5% during the 3rd quarter. Assetmark Inc. now owns 98,487 shares of the company’s stock worth $13,756,000 after purchasing an additional 92,318 shares during the last quarter. Institutional investors own 80.17% of the company’s stock.

iShares Russell Mid-Cap Value ETF Stock Performance

iShares Russell Mid-Cap Value ETF stock opened at $155.91 on Friday. iShares Russell Mid-Cap Value ETF has a 52-week low of $114.67 and a 52-week high of $156.51. The firm has a 50 day moving average price of $149.64 and a two-hundred day moving average price of $144.65. The firm has a market cap of $14.87 billion, a price-to-earnings ratio of 19.11 and a beta of 0.98.

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.