First Bancorp Inc ME Makes New $495,000 Investment in iShares Russell Mid-Cap Value ETF $IWS

First Bancorp Inc ME bought a new stake in iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,010 shares of the company’s stock, valued at approximately $495,000.

A number of other large investors have also bought and sold shares of IWS. Northwestern Mutual Wealth Management Co. boosted its holdings in iShares Russell Mid-Cap Value ETF by 1,160.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,565,153 shares of the company’s stock valued at $502,865,000 after acquiring an additional 3,282,372 shares during the last quarter. Align Financial LLC acquired a new position in iShares Russell Mid-Cap Value ETF during the 4th quarter valued at about $31,613,000. BNP Paribas Financial Markets boosted its stake in shares of iShares Russell Mid-Cap Value ETF by 397.2% in the 2nd quarter. BNP Paribas Financial Markets now owns 248,581 shares of the company’s stock valued at $32,847,000 after purchasing an additional 198,581 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of iShares Russell Mid-Cap Value ETF by 4.4% during the 4th quarter. Wells Fargo & Company MN now owns 3,917,401 shares of the company’s stock worth $552,549,000 after buying an additional 165,686 shares during the period. Finally, Arax Advisory Partners bought a new stake in shares of iShares Russell Mid-Cap Value ETF during the fourth quarter worth approximately $19,302,000. 80.17% of the stock is currently owned by institutional investors.

iShares Russell Mid-Cap Value ETF Price Performance

Shares of NYSEARCA IWS opened at $171.66 on Wednesday. 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 market capitalization of $16.00 billion, a P/E ratio of 19.11 and a beta of 0.95. The company’s 50 day simple moving average is $167.41 and its 200 day simple moving average is $158.40.

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.