Kovitz Investment Group Partners LLC reduced its holdings in iShares Russell 1000 Value ETF (NYSEARCA:IWD – Free Report) by 95.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,442 shares of the exchange traded fund’s stock after selling 875,513 shares during the period. Kovitz Investment Group Partners LLC’s holdings in iShares Russell 1000 Value ETF were worth $8,717,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the business. Morgan Stanley increased its holdings in shares of iShares Russell 1000 Value ETF by 9.0% in the 4th quarter. Morgan Stanley now owns 39,663,587 shares of the exchange traded fund’s stock valued at $8,342,840,000 after purchasing an additional 3,280,476 shares during the period. Bank of America Corp DE increased its stake in shares of iShares Russell 1000 Value ETF by 5.4% during the 4th quarter. Bank of America Corp DE now owns 52,256,616 shares of the exchange traded fund’s stock worth $10,991,657,000 after purchasing an additional 2,686,078 shares during the last quarter. 71 West Capital Partners bought a new stake in shares of iShares Russell 1000 Value ETF during the 4th quarter worth about $240,065,000. Wells Fargo & Company MN grew its holdings in iShares Russell 1000 Value ETF by 20.3% during the fourth quarter. Wells Fargo & Company MN now owns 5,895,769 shares of the exchange traded fund’s stock valued at $1,240,116,000 after purchasing an additional 995,230 shares during the last quarter. Finally, Focus Partners Wealth grew its stake in iShares Russell 1000 Value ETF by 151.8% in the 4th quarter. Focus Partners Wealth now owns 1,412,808 shares of the exchange traded fund’s stock valued at $297,152,000 after buying an additional 851,770 shares during the last quarter. 84.93% of the stock is currently owned by institutional investors and hedge funds.
iShares Russell 1000 Value ETF Stock Performance
NYSEARCA IWD opened at $242.18 on Friday. iShares Russell 1000 Value ETF has a twelve month low of $188.55 and a twelve month high of $245.51. The stock has a market capitalization of $77.79 billion, a PE ratio of 18.83 and a beta of 0.84. The stock has a 50-day simple moving average of $233.12 and a 200 day simple moving average of $222.49.
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). 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.
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