Comerica Bank Trims Stock Holdings in iShares Russell 1000 Value ETF $IWD

Comerica Bank lowered its stake in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 4.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 960,531 shares of the exchange traded fund’s stock after selling 45,720 shares during the period. iShares Russell 1000 Value ETF accounts for approximately 0.7% of Comerica Bank’s portfolio, making the stock its 16th biggest holding. Comerica Bank owned 0.30% of iShares Russell 1000 Value ETF worth $195,554,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IWD. Brighton Jones LLC grew its holdings in shares of iShares Russell 1000 Value ETF by 8.9% during the fourth quarter. Brighton Jones LLC now owns 36,663 shares of the exchange traded fund’s stock worth $6,787,000 after buying an additional 2,981 shares in the last quarter. Bison Wealth LLC lifted its stake in shares of iShares Russell 1000 Value ETF by 13.9% during the fourth quarter. Bison Wealth LLC now owns 4,121 shares of the exchange traded fund’s stock valued at $763,000 after buying an additional 502 shares during the period. Schnieders Capital Management LLC. boosted its position in iShares Russell 1000 Value ETF by 39.1% during the second quarter. Schnieders Capital Management LLC. now owns 3,876 shares of the exchange traded fund’s stock worth $753,000 after acquiring an additional 1,089 shares during the last quarter. Summit Investment Advisors Inc. grew its stake in iShares Russell 1000 Value ETF by 63.8% in the 1st quarter. Summit Investment Advisors Inc. now owns 1,671 shares of the exchange traded fund’s stock worth $314,000 after acquiring an additional 651 shares during the period. Finally, Advisory Resource Group grew its stake in iShares Russell 1000 Value ETF by 7.1% in the 2nd quarter. Advisory Resource Group now owns 7,813 shares of the exchange traded fund’s stock worth $1,518,000 after acquiring an additional 515 shares during the period. Hedge funds and other institutional investors own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Stock Performance

Shares of IWD opened at $214.74 on Friday. iShares Russell 1000 Value ETF has a fifty-two week low of $163.19 and a fifty-two week high of $226.39. The company has a market capitalization of $66.90 billion, a PE ratio of 18.83 and a beta of 0.89. The stock has a fifty day moving average of $220.58 and a two-hundred day moving average of $210.73.

iShares Russell 1000 Value ETF Profile

iShares Russell 1000 Value ETF (the Fund), formerly iShares Russell 1000 Value Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the large capitalization value sector of the U.S. equity market, as represented by the Russell 1000 Value Index (the Index). The Index represents approximately 50% of the total market capitalization of the Russell 1000 Index. The Index measures the large-capital value sector of the United States equity market.