Summit Wealth & Retirement Planning Inc. Reduces Stake in iShares Russell 1000 Value ETF $IWD

Summit Wealth & Retirement Planning Inc. decreased its position in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 0.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 61,226 shares of the exchange traded fund’s stock after selling 293 shares during the quarter. iShares Russell 1000 Value ETF makes up 3.2% of Summit Wealth & Retirement Planning Inc.’s portfolio, making the stock its 10th biggest position. Summit Wealth & Retirement Planning Inc.’s holdings in iShares Russell 1000 Value ETF were worth $11,892,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Truvestments Capital LLC purchased a new stake in shares of iShares Russell 1000 Value ETF in the 1st quarter worth about $25,000. GKV Capital Management Co. Inc. purchased a new position in iShares Russell 1000 Value ETF during the 1st quarter valued at about $27,000. Advantage Trust Co bought a new stake in iShares Russell 1000 Value ETF during the second quarter worth about $29,000. RMG Wealth Management LLC purchased a new stake in iShares Russell 1000 Value ETF in the second quarter worth about $33,000. Finally, Access Investment Management LLC bought a new position in shares of iShares Russell 1000 Value ETF during the second quarter valued at approximately $35,000. Hedge funds and other institutional investors own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Stock Performance

IWD stock opened at $204.42 on Friday. The firm has a 50 day moving average price of $203.25 and a 200-day moving average price of $196.04. iShares Russell 1000 Value ETF has a 52-week low of $163.19 and a 52-week high of $207.58. The firm has a market capitalization of $65.03 billion, a price-to-earnings ratio of 18.83 and a beta of 0.89.

iShares Russell 1000 Value ETF 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).