Modern Wealth Management LLC Makes New Investment in iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS)

Modern Wealth Management LLC purchased a new stake in iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,036 shares of the company’s stock, valued at approximately $271,000.

Several other hedge funds also recently modified their holdings of IWS. Roxbury Financial LLC acquired a new position in iShares Russell Mid-Cap Value ETF in the 4th quarter worth about $25,000. Hoese & Co LLP bought a new position in iShares Russell Mid-Cap Value ETF in the 4th quarter valued at approximately $26,000. Kohmann Bosshard Financial Services LLC acquired a new stake in iShares Russell Mid-Cap Value ETF during the 4th quarter worth approximately $26,000. Albion Financial Group UT bought a new stake in iShares Russell Mid-Cap Value ETF during the 4th quarter worth approximately $30,000. Finally, Crews Bank & Trust bought a new stake in iShares Russell Mid-Cap Value ETF during the 4th quarter worth approximately $33,000.

iShares Russell Mid-Cap Value ETF Stock Performance

IWS stock opened at $125.11 on Friday. The company has a market capitalization of $13.23 billion, a P/E ratio of 18.92 and a beta of 1.13. The company has a fifty day moving average price of $130.38 and a 200-day moving average price of $131.97. iShares Russell Mid-Cap Value ETF has a 52-week low of $117.00 and a 52-week high of $140.95.

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.