Pinnacle Financial Partners Inc Lowers Stock Position in iShares Russell 1000 Value ETF $IWD

Pinnacle Financial Partners Inc lessened its holdings in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 9.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 147,097 shares of the exchange traded fund’s stock after selling 14,814 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in iShares Russell 1000 Value ETF were worth $29,947,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in IWD. JPMorgan Chase & Co. boosted its position in shares of iShares Russell 1000 Value ETF by 140.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 9,153,000 shares of the exchange traded fund’s stock worth $1,777,787,000 after purchasing an additional 32,036,243 shares in the last quarter. Baird Financial Group Inc. raised its stake in iShares Russell 1000 Value ETF by 12.7% during the second quarter. Baird Financial Group Inc. now owns 5,275,282 shares of the exchange traded fund’s stock valued at $1,024,618,000 after buying an additional 593,784 shares during the last quarter. Independence Asset Advisors LLC purchased a new position in iShares Russell 1000 Value ETF during the second quarter valued at $59,496,000. Marquette Asset Management LLC boosted its holdings in iShares Russell 1000 Value ETF by 716.9% in the second quarter. Marquette Asset Management LLC now owns 339,687 shares of the exchange traded fund’s stock worth $65,977,000 after acquiring an additional 298,107 shares in the last quarter. Finally, MJP Associates Inc. ADV purchased a new stake in shares of iShares Russell 1000 Value ETF in the second quarter worth $35,330,000. 84.93% of the stock is currently owned by hedge funds and other institutional investors.

iShares Russell 1000 Value ETF Price Performance

Shares of NYSEARCA:IWD opened at $218.99 on Friday. The business has a fifty day moving average price of $210.39 and a 200-day moving average price of $203.92. The company has a market capitalization of $70.28 billion, a PE ratio of 18.83 and a beta of 0.89. iShares Russell 1000 Value ETF has a 1-year low of $163.19 and a 1-year high of $219.86.

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). The Index represents approximately 50% of the total market capitalization of the Russell 1000 Index. The Index measures the large-capital value sector of the United States equity market.