Comerica Bank Has $288.02 Million Stock Holdings in iShares Russell 1000 Growth ETF $IWF

Comerica Bank trimmed its position in iShares Russell 1000 Growth ETF (NYSEARCA:IWF) by 5.5% during the third quarter, Holdings Channel reports. The institutional investor owned 614,880 shares of the exchange traded fund’s stock after selling 36,008 shares during the quarter. iShares Russell 1000 Growth ETF makes up about 1.1% of Comerica Bank’s investment portfolio, making the stock its 12th biggest holding. Comerica Bank’s holdings in iShares Russell 1000 Growth ETF were worth $288,016,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Bell Investment Advisors Inc acquired a new position in shares of iShares Russell 1000 Growth ETF during the second quarter valued at $32,000. Manning & Napier Advisors LLC acquired a new stake in iShares Russell 1000 Growth ETF in the third quarter worth about $47,000. Flagship Wealth Advisors LLC increased its position in iShares Russell 1000 Growth ETF by 131.9% in the third quarter. Flagship Wealth Advisors LLC now owns 109 shares of the exchange traded fund’s stock worth $51,000 after purchasing an additional 62 shares during the period. Steigerwald Gordon & Koch Inc. bought a new stake in iShares Russell 1000 Growth ETF during the 3rd quarter worth about $53,000. Finally, Compass Financial Services Inc bought a new stake in iShares Russell 1000 Growth ETF during the 2nd quarter worth about $62,000. 75.33% of the stock is owned by institutional investors and hedge funds.

iShares Russell 1000 Growth ETF Trading Down 1.1%

iShares Russell 1000 Growth ETF stock opened at $438.29 on Friday. The company has a market cap of $112.73 billion, a PE ratio of 33.43 and a beta of 1.13. iShares Russell 1000 Growth ETF has a 1 year low of $308.67 and a 1 year high of $493.00. The company’s 50-day moving average is $459.70 and its two-hundred day moving average is $466.00.

About iShares Russell 1000 Growth ETF

iShares Russell 1000 Growth ETF (the Fund), formerly iShares Russell 1000 Growth Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment returns that correspond generally to the price and yield performance of the Russell 1000 Growth Index (the Index). The Index measures the performance of equity securities of Russell 1000 index issuers with relatively higher price-to-book ratios and higher forecasted growth. The index represents approximately 50% of the total market capitalization of the Russell 1000 Index.