Buffalo Business & Estate Services Ltd. trimmed its position in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD – Free Report) by 12.7% during the first quarter, Holdings Channel.com reports. The institutional investor owned 21,784 shares of the exchange traded fund’s stock after selling 3,169 shares during the period. Buffalo Business & Estate Services Ltd.’s holdings in iShares Russell 1000 Value ETF were worth $4,655,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in iShares Russell 1000 Value ETF by 5.4% in 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 during the period. Morgan Stanley boosted its stake in shares of iShares Russell 1000 Value ETF by 9.0% in the fourth quarter. Morgan Stanley now owns 39,663,587 shares of the exchange traded fund’s stock valued at $8,342,840,000 after buying an additional 3,280,476 shares during the period. Goldman Sachs Group Inc. grew its position in iShares Russell 1000 Value ETF by 0.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 11,414,192 shares of the exchange traded fund’s stock worth $2,400,861,000 after buying an additional 85,365 shares in the last quarter. JPMorgan Chase & Co. grew its position in iShares Russell 1000 Value ETF by 3.8% during the fourth quarter. JPMorgan Chase & Co. now owns 9,251,710 shares of the exchange traded fund’s stock worth $1,946,005,000 after buying an additional 338,948 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in iShares Russell 1000 Value ETF by 20.3% during the 4th quarter. Wells Fargo & Company MN now owns 5,895,769 shares of the exchange traded fund’s stock worth $1,240,116,000 after acquiring an additional 995,230 shares during the period. 84.93% of the stock is owned by institutional investors.
iShares Russell 1000 Value ETF Price Performance
Shares of NYSEARCA IWD opened at $243.53 on Tuesday. The business has a fifty day moving average price of $233.93 and a two-hundred day moving average price of $222.97. The stock has a market capitalization of $78.22 billion, a PE ratio of 18.83 and a beta of 0.84. iShares Russell 1000 Value ETF has a fifty-two week low of $188.55 and a fifty-two week high of $245.51.
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). 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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