Webster Bank N. A. Sells 5,238 Shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Webster Bank N. A. lowered its holdings in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 9.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 47,669 shares of the exchange traded fund’s stock after selling 5,238 shares during the period. iShares Russell 1000 Value ETF comprises approximately 1.0% of Webster Bank N. A.’s portfolio, making the stock its 28th biggest holding. Webster Bank N. A.’s holdings in iShares Russell 1000 Value ETF were worth $7,524,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Studio Investment Management LLC lifted its stake in shares of iShares Russell 1000 Value ETF by 115.0% during the 4th quarter. Studio Investment Management LLC now owns 172 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 92 shares during the last quarter. Northwest Investment Counselors LLC bought a new stake in shares of iShares Russell 1000 Value ETF during the 1st quarter worth approximately $31,000. Horizons Wealth Management lifted its stake in shares of iShares Russell 1000 Value ETF by 632.4% during the 1st quarter. Horizons Wealth Management now owns 249 shares of the exchange traded fund’s stock worth $38,000 after acquiring an additional 215 shares during the last quarter. Lumature Wealth Partners LLC bought a new stake in shares of iShares Russell 1000 Value ETF during the 4th quarter worth approximately $39,000. Finally, Financial Gravity Asset Management Inc. bought a new stake in shares of iShares Russell 1000 Value ETF during the 1st quarter worth approximately $44,000.

iShares Russell 1000 Value ETF Stock Performance

NYSEARCA IWD traded down $0.54 on Tuesday, reaching $157.66. 572,228 shares of the stock traded hands, compared to its average volume of 1,763,059. The company has a fifty day moving average price of $159.57 and a 200-day moving average price of $154.89. The company has a market cap of $50.36 billion, a price-to-earnings ratio of 13.53 and a beta of 0.95. iShares Russell 1000 Value ETF has a 12 month low of $134.09 and a 12 month high of $164.18.

About iShares Russell 1000 Value ETF

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).