Penobscot Investment Management Company Inc. Increases Stock Position in iShares Russell 1000 Value ETF $IWD

Penobscot Investment Management Company Inc. increased its position in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 4.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,250 shares of the exchange traded fund’s stock after acquiring an additional 55 shares during the period. Penobscot Investment Management Company Inc.’s holdings in iShares Russell 1000 Value ETF were worth $243,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. Tanglewood Wealth Management Inc. purchased a new position in iShares Russell 1000 Value ETF in the 2nd quarter worth approximately $205,000. Quent Capital LLC raised its holdings in iShares Russell 1000 Value ETF by 28.1% in the 2nd quarter. Quent Capital LLC now owns 43,104 shares of the exchange traded fund’s stock worth $8,372,000 after acquiring an additional 9,457 shares during the last quarter. Grassi Investment Management purchased a new position in iShares Russell 1000 Value ETF in the 2nd quarter worth approximately $234,000. Corundum Group Inc. raised its holdings in iShares Russell 1000 Value ETF by 0.8% in the 2nd quarter. Corundum Group Inc. now owns 116,215 shares of the exchange traded fund’s stock worth $22,572,000 after acquiring an additional 909 shares during the last quarter. Finally, Fairvoy Private Wealth LLC grew its position in iShares Russell 1000 Value ETF by 2.6% in the 2nd quarter. Fairvoy Private Wealth LLC now owns 5,844 shares of the exchange traded fund’s stock worth $1,135,000 after purchasing an additional 146 shares during the period. 84.93% of the stock is currently owned by hedge funds and other institutional investors.

iShares Russell 1000 Value ETF Trading Up 0.4%

Shares of IWD opened at $204.96 on Friday. The firm has a market cap of $64.58 billion, a PE ratio of 18.83 and a beta of 0.95. The firm has a fifty day simple moving average of $200.15 and a two-hundred day simple moving average of $191.87. iShares Russell 1000 Value ETF has a 1-year low of $163.19 and a 1-year high of $206.01.

iShares Russell 1000 Value ETF Company 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).