AMG National Trust Bank Reduces Stock Position in iShares Russell Mid-Cap Value ETF $IWS

AMG National Trust Bank trimmed its position in iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) by 2.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 330,633 shares of the company’s stock after selling 7,027 shares during the period. iShares Russell Mid-Cap Value ETF comprises about 1.1% of AMG National Trust Bank’s investment portfolio, making the stock its 20th largest position. AMG National Trust Bank owned about 0.33% of iShares Russell Mid-Cap Value ETF worth $46,179,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Clearstead Trust LLC acquired a new position in shares of iShares Russell Mid-Cap Value ETF in the second quarter valued at approximately $25,000. Clean Yield Group purchased a new stake in iShares Russell Mid-Cap Value ETF in the 3rd quarter worth approximately $25,000. Westside Investment Management Inc. raised its holdings in iShares Russell Mid-Cap Value ETF by 108.3% in the 2nd quarter. Westside Investment Management Inc. now owns 200 shares of the company’s stock valued at $27,000 after acquiring an additional 104 shares during the last quarter. Financial Consulate Inc. acquired a new position in iShares Russell Mid-Cap Value ETF in the 3rd quarter valued at $29,000. Finally, Rossmore Private Capital purchased a new position in shares of iShares Russell Mid-Cap Value ETF during the 3rd quarter worth $29,000. 80.17% of the stock is owned by institutional investors and hedge funds.

iShares Russell Mid-Cap Value ETF Stock Up 0.7%

IWS stock opened at $153.66 on Friday. The stock has a market capitalization of $15.28 billion, a price-to-earnings ratio of 19.11 and a beta of 1.02. iShares Russell Mid-Cap Value ETF has a 52-week low of $108.85 and a 52-week high of $154.26. The stock’s fifty day simple moving average is $146.98 and its 200-day simple moving average is $141.50.

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.