Royal Bank of Canada Lowers Stock Position in iShares Russell Mid-Cap Value ETF $IWS

Royal Bank of Canada lessened its holdings in shares of iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) by 0.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,376,742 shares of the company’s stock after selling 13,914 shares during the period. Royal Bank of Canada owned 2.49% of iShares Russell Mid-Cap Value ETF worth $346,386,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Signature Resources Capital Management LLC increased its holdings in shares of iShares Russell Mid-Cap Value ETF by 116.5% during the first quarter. Signature Resources Capital Management LLC now owns 171 shares of the company’s stock valued at $25,000 after acquiring an additional 92 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in shares of iShares Russell Mid-Cap Value ETF during the fourth quarter valued at approximately $28,000. Triumph Capital Management purchased a new stake in iShares Russell Mid-Cap Value ETF during the 3rd quarter valued at $29,000. Laurel Wealth Advisors LLC purchased a new stake in iShares Russell Mid-Cap Value ETF during the fourth quarter valued at $35,000. Finally, Palisade Asset Management LLC purchased a new stake in iShares Russell Mid-Cap Value ETF during the third quarter valued at $43,000. Hedge funds and other institutional investors own 80.17% of the company’s stock.

iShares Russell Mid-Cap Value ETF Stock Performance

IWS stock opened at $167.97 on Thursday. The company has a market cap of $15.65 billion, a price-to-earnings ratio of 19.11 and a beta of 0.95. The business’s 50-day moving average is $163.51 and its two-hundred day moving average is $155.32. iShares Russell Mid-Cap Value ETF has a fifty-two week low of $131.46 and a fifty-two week high of $169.71.

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.