MidFirst Bank purchased a new stake in iShares Russell 1000 Value ETF (NYSEARCA:IWD – Free Report) in the fourth quarter, HoldingsChannel reports. The firm purchased 32,324 shares of the exchange traded fund’s stock, valued at approximately $6,799,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Morgan Stanley grew its stake in 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 acquiring an additional 3,280,476 shares during the last quarter. Bank of America Corp DE increased its holdings in 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 valued at $10,991,657,000 after acquiring an additional 2,686,078 shares in the last quarter. 71 West Capital Partners purchased a new position in iShares Russell 1000 Value ETF during the 4th quarter valued at about $240,065,000. Wells Fargo & Company MN lifted its holdings in shares of iShares Russell 1000 Value ETF by 20.3% in 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 in the last quarter. Finally, Focus Partners Wealth lifted its holdings in shares of iShares Russell 1000 Value ETF by 151.8% in the fourth quarter. Focus Partners Wealth now owns 1,412,808 shares of the exchange traded fund’s stock valued at $297,152,000 after purchasing an additional 851,770 shares in the last quarter. Institutional investors and hedge funds own 84.93% of the company’s stock.
iShares Russell 1000 Value ETF Price Performance
IWD stock opened at $242.18 on Friday. The company’s 50 day simple moving average is $233.12 and its 200-day simple moving average is $222.49. iShares Russell 1000 Value ETF has a 12 month low of $188.55 and a 12 month high of $245.51. The firm has a market capitalization of $77.79 billion, a PE ratio of 18.83 and a beta of 0.84.
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.
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