Steph & Co. Sells 114,666 Shares of iShares Russell Mid-Cap Value ETF $IWS

Steph & Co. reduced its stake in shares of iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) by 99.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 679 shares of the company’s stock after selling 114,666 shares during the period. Steph & Co.’s holdings in iShares Russell Mid-Cap Value ETF were worth $109,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Canandaigua National Bank & Trust Co. acquired a new position in iShares Russell Mid-Cap Value ETF in the third quarter valued at approximately $796,000. MFA Wealth Advisors LLC grew its stake in shares of iShares Russell Mid-Cap Value ETF by 493.1% during the 3rd quarter. MFA Wealth Advisors LLC now owns 58,612 shares of the company’s stock worth $9,421,000 after purchasing an additional 48,730 shares during the period. S.E.E.D. Planning Group LLC acquired a new stake in shares of iShares Russell Mid-Cap Value ETF during the 3rd quarter worth approximately $336,000. Bangor Savings Bank purchased a new position in shares of iShares Russell Mid-Cap Value ETF during the 3rd quarter valued at approximately $75,000. Finally, Horizons Wealth Management purchased a new position in shares of iShares Russell Mid-Cap Value ETF during the 3rd quarter valued at approximately $45,000. Hedge funds and other institutional investors own 80.17% of the company’s stock.

iShares Russell Mid-Cap Value ETF Stock Performance

Shares of IWS traded down $1.68 during trading hours on Wednesday, hitting $162.78. The stock had a trading volume of 301,331 shares, compared to its average volume of 464,700. The firm has a 50-day moving average price of $168.01 and a 200 day moving average price of $161.68. iShares Russell Mid-Cap Value ETF has a fifty-two week low of $133.74 and a fifty-two week high of $173.52. The firm has a market capitalization of $15.06 billion, a price-to-earnings ratio of 19.11 and a beta of 0.96.

iShares Russell Mid-Cap Value ETF Company 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.