Rehmann Capital Advisory Group raised its stake in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD – Free Report) by 49.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 39,225 shares of the exchange traded fund’s stock after buying an additional 13,056 shares during the quarter. Rehmann Capital Advisory Group’s holdings in iShares Russell 1000 Value ETF were worth $8,251,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Reyes Financial Architecture Inc. purchased a new stake in shares of iShares Russell 1000 Value ETF in the fourth quarter worth about $25,000. IFC & Insurance Marketing Inc. purchased a new position in iShares Russell 1000 Value ETF during the fourth quarter valued at approximately $28,000. Holos Integrated Wealth LLC purchased a new position in iShares Russell 1000 Value ETF during the fourth quarter valued at approximately $31,000. Grand Wealth Management LLC bought a new stake in iShares Russell 1000 Value ETF during the 4th quarter worth approximately $31,000. Finally, Heritage Wealth Advisors bought a new stake in iShares Russell 1000 Value ETF during the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 84.93% of the company’s stock.
iShares Russell 1000 Value ETF Price Performance
NYSEARCA IWD opened at $242.18 on Friday. iShares Russell 1000 Value ETF has a 1 year low of $188.55 and a 1 year 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 company’s 50 day simple moving average is $233.52 and its two-hundred day simple moving average is $222.62.
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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