Midwest Trust Co Buys New Stake in iShares Russell 1000 Value ETF $IWD

Midwest Trust Co purchased a new stake in iShares Russell 1000 Value ETF (NYSEARCA:IWD) during the second quarter, HoldingsChannel.com reports. The fund purchased 130,861 shares of the exchange traded fund’s stock, valued at approximately $25,417,000.

Several other hedge funds have also bought and sold shares of the stock. Truvestments Capital LLC purchased a new position in shares of iShares Russell 1000 Value ETF during the first quarter valued at about $25,000. GKV Capital Management Co. Inc. bought a new position in iShares Russell 1000 Value ETF during the first quarter valued at approximately $27,000. Advantage Trust Co bought a new position in iShares Russell 1000 Value ETF during the second quarter valued at approximately $29,000. RMG Wealth Management LLC purchased a new position in iShares Russell 1000 Value ETF during the 2nd quarter valued at approximately $33,000. Finally, Access Investment Management LLC purchased a new position in iShares Russell 1000 Value ETF during the 2nd 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 Price Performance

Shares of IWD opened at $204.42 on Friday. The stock 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 has a 1 year low of $163.19 and a 1 year high of $207.58. The business’s 50 day simple moving average is $203.25 and its 200-day simple moving average is $196.17.

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).