Alta Wealth Advisors LLC Reduces Stake in iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Alta Wealth Advisors LLC cut its holdings in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 2.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,041 shares of the exchange traded fund’s stock after selling 514 shares during the quarter. iShares Russell 1000 Value ETF comprises 2.2% of Alta Wealth Advisors LLC’s investment portfolio, making the stock its 8th largest holding. Alta Wealth Advisors LLC’s holdings in iShares Russell 1000 Value ETF were worth $4,712,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Brighton Jones LLC lifted its stake in shares of iShares Russell 1000 Value ETF by 8.9% in the fourth quarter. Brighton Jones LLC now owns 36,663 shares of the exchange traded fund’s stock valued at $6,787,000 after buying an additional 2,981 shares during the period. Principal Financial Group Inc. raised its holdings in iShares Russell 1000 Value ETF by 48.2% in the 4th quarter. Principal Financial Group Inc. now owns 37,357 shares of the exchange traded fund’s stock valued at $6,916,000 after acquiring an additional 12,148 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of iShares Russell 1000 Value ETF in the 4th quarter worth approximately $293,000. Bank of New York Mellon Corp lifted its position in shares of iShares Russell 1000 Value ETF by 9.0% in the 4th quarter. Bank of New York Mellon Corp now owns 728,800 shares of the exchange traded fund’s stock worth $134,923,000 after acquiring an additional 59,996 shares during the period. Finally, NewEdge Wealth LLC grew its holdings in shares of iShares Russell 1000 Value ETF by 241.8% during the 4th quarter. NewEdge Wealth LLC now owns 87,541 shares of the exchange traded fund’s stock worth $16,206,000 after purchasing an additional 61,931 shares in the last quarter. 84.93% of the stock is currently owned by institutional investors and hedge funds.

iShares Russell 1000 Value ETF Trading Up 0.7%

IWD opened at $192.84 on Friday. The stock’s 50 day simple moving average is $186.90 and its 200-day simple moving average is $187.48. The stock has a market cap of $63.17 billion, a PE ratio of 18.83 and a beta of 0.95. iShares Russell 1000 Value ETF has a 1 year low of $163.19 and a 1 year high of $200.42.

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).