CIBC Bancorp USA Inc. Invests $18.76 Million in iShares Russell Mid-Cap Value ETF $IWS

CIBC Bancorp USA Inc. purchased a new stake in iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 134,326 shares of the company’s stock, valued at approximately $18,761,000. CIBC Bancorp USA Inc. owned about 0.13% of iShares Russell Mid-Cap Value ETF at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Clean Yield Group purchased a new stake in iShares Russell Mid-Cap Value ETF during the third quarter valued at approximately $25,000. Financial Consulate Inc. bought a new stake in shares of iShares Russell Mid-Cap Value ETF in the 3rd quarter valued at approximately $29,000. Rossmore Private Capital purchased a new position in shares of iShares Russell Mid-Cap Value ETF in the 3rd quarter worth approximately $29,000. Triumph Capital Management purchased a new position in shares of iShares Russell Mid-Cap Value ETF in the 3rd quarter worth approximately $29,000. Finally, Howe & Rusling Inc. increased its position in shares of iShares Russell Mid-Cap Value ETF by 1,180.0% during the 2nd quarter. Howe & Rusling Inc. now owns 256 shares of the company’s stock valued at $34,000 after purchasing an additional 236 shares during the last quarter. Hedge funds and other institutional investors own 80.17% of the company’s stock.

iShares Russell Mid-Cap Value ETF Stock Performance

NYSEARCA:IWS opened at $145.41 on Friday. The stock’s fifty day moving average is $149.51 and its 200 day moving average is $143.23. iShares Russell Mid-Cap Value ETF has a fifty-two week low of $108.85 and a fifty-two week high of $154.79. The firm has a market capitalization of $14.46 billion, a PE ratio of 19.11 and a beta of 1.02.

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.