Summit Wealth Group LLC Co. Buys New Position in iShares Russell Mid-Cap Value ETF $IWS

Summit Wealth Group LLC Co. bought a new stake in shares of iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 17,137 shares of the company’s stock, valued at approximately $2,417,000.

Several other hedge funds have also modified their holdings of the stock. Sequoia Financial Advisors LLC increased its holdings in iShares Russell Mid-Cap Value ETF by 1.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 7,758 shares of the company’s stock worth $1,094,000 after purchasing an additional 76 shares during the last quarter. Magnus Financial Group LLC increased its holdings in shares of iShares Russell Mid-Cap Value ETF by 3.1% in the 4th quarter. Magnus Financial Group LLC now owns 2,589 shares of the company’s stock valued at $365,000 after acquiring an additional 77 shares during the last quarter. Sonata Capital Group Inc. boosted its position in iShares Russell Mid-Cap Value ETF by 0.8% during the 4th quarter. Sonata Capital Group Inc. now owns 9,276 shares of the company’s stock valued at $1,308,000 after purchasing an additional 77 shares during the period. Heck Capital Advisors LLC boosted its position in iShares Russell Mid-Cap Value ETF by 0.8% during the 4th quarter. Heck Capital Advisors LLC now owns 10,774 shares of the company’s stock valued at $1,520,000 after purchasing an additional 81 shares during the period. Finally, Pineridge Advisors LLC boosted its position in iShares Russell Mid-Cap Value ETF by 6.7% during the 3rd quarter. Pineridge Advisors LLC now owns 1,314 shares of the company’s stock valued at $184,000 after purchasing an additional 82 shares during the period. 80.17% of the stock is currently owned by hedge funds and other institutional investors.

iShares Russell Mid-Cap Value ETF Price Performance

NYSEARCA:IWS opened at $157.75 on Wednesday. iShares Russell Mid-Cap Value ETF has a 12-month low of $125.56 and a 12-month high of $159.71. The business has a 50 day simple moving average of $150.82 and a 200 day simple moving average of $146.58. The firm has a market capitalization of $15.03 billion, a P/E 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.