Oder Investment Management LLC Raises Position in iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Oder Investment Management LLC raised its position in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 3.7% during the first quarter, HoldingsChannel reports. The firm owned 2,188 shares of the exchange traded fund’s stock after purchasing an additional 79 shares during the period. Oder Investment Management LLC’s holdings in iShares Russell 1000 Value ETF were worth $412,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in IWD. GKV Capital Management Co. Inc. purchased a new stake in iShares Russell 1000 Value ETF during the first quarter valued at about $27,000. Ameriflex Group Inc. purchased a new stake in iShares Russell 1000 Value ETF during the fourth quarter valued at about $29,000. Transce3nd LLC purchased a new stake in iShares Russell 1000 Value ETF during the fourth quarter valued at about $31,000. Whipplewood Advisors LLC bought a new position in shares of iShares Russell 1000 Value ETF during the first quarter valued at about $33,000. Finally, Dakota Community Bank & Trust NA purchased a new position in shares of iShares Russell 1000 Value ETF in the first quarter worth about $36,000. Hedge funds and other institutional investors own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Trading Down 0.2%

IWD opened at $198.29 on Friday. The company has a market cap of $62.58 billion, a P/E ratio of 18.83 and a beta of 0.95. The business’s 50-day moving average price is $194.76 and its 200-day moving average price is $189.40. iShares Russell 1000 Value ETF has a 12 month low of $163.19 and a 12 month high of $200.42.

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).