First Merchants Corp Buys 38,951 Shares of iShares Russell Mid-Cap Value ETF $IWS

First Merchants Corp bought a new stake in shares of iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) in the 3rd quarter, HoldingsChannel reports. The fund bought 38,951 shares of the company’s stock, valued at approximately $6,261,000.

A number of other institutional investors and hedge funds also recently modified their holdings of IWS. First Citizens Bank & Trust Co. acquired a new stake in shares of iShares Russell Mid-Cap Value ETF during the third quarter worth $297,622,000. Cassaday & Co Wealth Management LLC boosted its holdings in shares of iShares Russell Mid-Cap Value ETF by 1.9% in the 1st quarter. Cassaday & Co Wealth Management LLC now owns 1,023,739 shares of the company’s stock valued at $149,200,000 after buying an additional 18,611 shares during the period. Lido Advisors LLC boosted its holdings in shares of iShares Russell Mid-Cap Value ETF by 6.9% in the 1st quarter. Lido Advisors LLC now owns 321,226 shares of the company’s stock valued at $46,816,000 after buying an additional 20,686 shares during the period. SVB Wealth LLC boosted its holdings in shares of iShares Russell Mid-Cap Value ETF by 5.8% in the 2nd quarter. SVB Wealth LLC now owns 276,422 shares of the company’s stock valued at $45,499,000 after buying an additional 15,220 shares during the period. Finally, Cedar Mountain Advisors LLC boosted its holdings in shares of iShares Russell Mid-Cap Value ETF by 0.4% in the 2nd quarter. Cedar Mountain Advisors LLC now owns 252,713 shares of the company’s stock valued at $41,597,000 after buying an additional 1,131 shares during the period. 80.17% of the stock is owned by institutional investors and hedge funds.

iShares Russell Mid-Cap Value ETF Stock Up 1.4%

Shares of NYSEARCA:IWS opened at $166.58 on Friday. 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 50-day simple moving average of $167.41 and a 200 day simple moving average of $162.66. The company has a market cap of $15.47 billion, a PE 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.