Envestnet Asset Management Inc. decreased its position in iShares Russell 1000 Value ETF (NYSEARCA:IWD – Free Report) by 2.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 6,717,263 shares of the exchange traded fund’s stock after selling 171,227 shares during the quarter. Envestnet Asset Management Inc.’s holdings in iShares Russell 1000 Value ETF were worth $1,628,466,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in IWD. Timbuktu Capital Management LLC bought a new position in shares of iShares Russell 1000 Value ETF during the second quarter valued at about $25,000. Markowski Investments bought a new stake in iShares Russell 1000 Value ETF in the 2nd quarter worth about $28,000. C M Bidwell & Associates Ltd. purchased a new stake in iShares Russell 1000 Value ETF in the 2nd quarter valued at about $30,000. MBM Wealth Consultants LLC purchased a new stake in iShares Russell 1000 Value ETF in the 1st quarter valued at about $29,000. Finally, RMG Wealth Management LLC bought a new position in shares of iShares Russell 1000 Value ETF during the 1st quarter worth approximately $40,000. Hedge funds and other institutional investors own 84.93% of the company’s stock.
iShares Russell 1000 Value ETF Stock Down 0.5%
iShares Russell 1000 Value ETF stock traded down $1.25 during mid-day trading on Wednesday, reaching $251.42. 1,723,142 shares of the company’s stock were exchanged, compared to its average volume of 2,726,761. The business’s fifty day simple moving average is $254.34 and its 200 day simple moving average is $239.01. iShares Russell 1000 Value ETF has a one year low of $199.40 and a one year high of $260.19. The firm has a market capitalization of $81.90 billion, a PE ratio of 18.83 and a beta of 0.83.
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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