Assetmark Inc. Decreases Stake in iShares Russell Mid-Cap Value ETF $IWS

Assetmark Inc. reduced its position in iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) by 55.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,101 shares of the company’s stock after selling 54,386 shares during the period. Assetmark Inc.’s holdings in iShares Russell Mid-Cap Value ETF were worth $6,220,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IWS. Bank of America Corp DE lifted its position in shares of iShares Russell Mid-Cap Value ETF by 0.4% during the second quarter. Bank of America Corp DE now owns 3,759,738 shares of the company’s stock worth $496,812,000 after purchasing an additional 16,361 shares during the last quarter. TIAA Trust National Association raised its stake in iShares Russell Mid-Cap Value ETF by 1.0% during the third quarter. TIAA Trust National Association now owns 3,427,479 shares of the company’s stock worth $478,709,000 after acquiring an additional 34,466 shares during the period. Envestnet Portfolio Solutions Inc. raised its stake in iShares Russell Mid-Cap Value ETF by 1.7% during the third quarter. Envestnet Portfolio Solutions Inc. now owns 2,823,287 shares of the company’s stock worth $394,329,000 after acquiring an additional 48,211 shares during the period. First Citizens Bank & Trust Co. raised its stake in iShares Russell Mid-Cap Value ETF by 3.1% during the third quarter. First Citizens Bank & Trust Co. now owns 2,698,999 shares of the company’s stock worth $376,969,000 after acquiring an additional 80,032 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in iShares Russell Mid-Cap Value ETF by 3.4% during the second quarter. Ameriprise Financial Inc. now owns 1,128,123 shares of the company’s stock worth $149,477,000 after acquiring an additional 36,938 shares during the period. 80.17% of the stock is owned by hedge funds and other institutional investors.

iShares Russell Mid-Cap Value ETF Stock Up 1.3%

IWS opened at $155.91 on Friday. The firm has a market cap of $14.87 billion, a price-to-earnings ratio of 19.11 and a beta of 0.98. iShares Russell Mid-Cap Value ETF has a fifty-two week low of $114.67 and a fifty-two week high of $156.51. The company’s 50-day moving average price is $149.64 and its 200 day moving average price is $144.69.

About iShares Russell Mid-Cap Value ETF

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.