Blue Trust Inc. reduced its position in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD – Free Report) by 13.8% in the 1st quarter, HoldingsChannel reports. The firm owned 48,833 shares of the exchange traded fund’s stock after selling 7,820 shares during the period. Blue Trust Inc.’s holdings in iShares Russell 1000 Value ETF were worth $10,434,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE increased its holdings in shares of iShares Russell 1000 Value ETF by 5.4% during the fourth 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 buying an additional 2,686,078 shares in the last quarter. Morgan Stanley boosted 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 worth $8,342,840,000 after acquiring an additional 3,280,476 shares in the last quarter. Goldman Sachs Group Inc. grew its position in iShares Russell 1000 Value ETF by 0.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 11,414,192 shares of the exchange traded fund’s stock worth $2,400,861,000 after acquiring an additional 85,365 shares during the last quarter. JPMorgan Chase & Co. grew its position in iShares Russell 1000 Value ETF by 3.8% during the 4th quarter. JPMorgan Chase & Co. now owns 9,251,710 shares of the exchange traded fund’s stock worth $1,946,005,000 after acquiring an additional 338,948 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings 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 valued at $1,240,116,000 after purchasing an additional 995,230 shares in the last quarter. 84.93% of the stock is currently owned by institutional investors and hedge funds.
iShares Russell 1000 Value ETF Price Performance
IWD stock opened at $241.00 on Thursday. The business has a fifty day moving average price of $234.66 and a 200 day moving average price of $223.40. iShares Russell 1000 Value ETF has a fifty-two week low of $191.25 and a fifty-two week high of $245.51. The stock has a market capitalization of $77.41 billion, a price-to-earnings ratio of 18.83 and a beta of 0.84.
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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