Comerica Bank Trims Position in iShares Russell Mid-Cap Value ETF $IWS

Comerica Bank cut its position in iShares Russell Mid-Cap Value ETF (NYSEARCA:IWS) by 4.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 94,134 shares of the company’s stock after selling 4,445 shares during the period. Comerica Bank owned about 0.09% of iShares Russell Mid-Cap Value ETF worth $13,278,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Clean Yield Group purchased a new stake in shares of iShares Russell Mid-Cap Value ETF in the third quarter worth $25,000. Financial Consulate Inc. purchased a new stake in shares of iShares Russell Mid-Cap Value ETF in the third quarter worth $29,000. Rossmore Private Capital purchased a new stake in shares of iShares Russell Mid-Cap Value ETF in the third quarter worth $29,000. Triumph Capital Management purchased a new stake in shares of iShares Russell Mid-Cap Value ETF in the third quarter worth $29,000. Finally, Center for Financial Planning Inc. increased its stake in shares of iShares Russell Mid-Cap Value ETF by 113.8% in the third quarter. Center for Financial Planning Inc. now owns 248 shares of the company’s stock worth $35,000 after purchasing an additional 132 shares in the last quarter. 80.17% of the stock is owned by hedge funds and other institutional investors.

iShares Russell Mid-Cap Value ETF Price Performance

Shares of NYSEARCA IWS opened at $154.66 on Wednesday. The firm has a fifty day moving average price of $150.16 and a 200-day moving average price of $145.52. The stock has a market cap of $14.72 billion, a PE ratio of 19.11 and a beta of 0.98. iShares Russell Mid-Cap Value ETF has a 1 year low of $120.17 and a 1 year high of $157.69.

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.