iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) Sees Unusually-High Trading Volume – Here’s What Happened

iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) shares saw unusually-high trading volume on Wednesday . Approximately 1,100,094 shares changed hands during mid-day trading, an increase of 92% from the previous session’s volume of 571,916 shares.The stock last traded at $147.24 and had previously closed at $145.74.

iShares Russell Mid-Cap Value ETF Stock Up 1.1%

The company has a market capitalization of $14.65 billion, a price-to-earnings ratio of 19.11 and a beta of 1.02. The stock’s 50-day simple moving average is $149.02 and its two-hundred day simple moving average is $143.61.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Rehmann Capital Advisory Group raised its position in shares of iShares Russell Mid-Cap Value ETF by 0.6% in the fourth quarter. Rehmann Capital Advisory Group now owns 12,277 shares of the company’s stock valued at $1,732,000 after buying an additional 72 shares during the last quarter. Cahaba Wealth Management Inc. boosted its position in iShares Russell Mid-Cap Value ETF by 1.9% during the third quarter. Cahaba Wealth Management Inc. now owns 4,040 shares of the company’s stock worth $564,000 after acquiring an additional 74 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake 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 valued at $1,094,000 after acquiring an additional 76 shares in the last quarter. Magnus Financial Group LLC raised its holdings in 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. Finally, Sonata Capital Group Inc. raised its holdings in iShares Russell Mid-Cap Value ETF by 0.8% in the 4th quarter. Sonata Capital Group Inc. now owns 9,276 shares of the company’s stock valued at $1,308,000 after acquiring an additional 77 shares during the last quarter. 80.17% of the stock is owned by hedge funds and other institutional investors.

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.