Estate Counselors LLC purchased a new position in iShares Russell 1000 Value ETF (NYSEARCA:IWD – Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 28,399 shares of the exchange traded fund’s stock, valued at approximately $6,068,000. iShares Russell 1000 Value ETF accounts for approximately 0.5% of Estate Counselors LLC’s portfolio, making the stock its 25th largest position.
Several other hedge funds also recently made changes to their positions in IWD. Morgan Stanley raised its stake in shares of iShares Russell 1000 Value ETF by 9.0% during the 4th quarter. Morgan Stanley now owns 39,663,587 shares of the exchange traded fund’s stock valued at $8,342,840,000 after purchasing an additional 3,280,476 shares during the period. Bank of America Corp DE boosted its stake 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 worth $10,991,657,000 after purchasing an additional 2,686,078 shares during the period. 71 West Capital Partners purchased a new position in iShares Russell 1000 Value ETF during the 4th quarter valued at about $240,065,000. Wells Fargo & Company MN grew 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 buying an additional 995,230 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in shares of iShares Russell 1000 Value ETF by 324.3% during the first quarter. Fifth Third Bancorp now owns 1,191,768 shares of the exchange traded fund’s stock valued at $254,645,000 after buying an additional 910,889 shares during the period. 84.93% of the stock is currently owned by hedge funds and other institutional investors.
iShares Russell 1000 Value ETF Trading Up 0.6%
Shares of iShares Russell 1000 Value ETF stock opened at $249.74 on Tuesday. iShares Russell 1000 Value ETF has a 12-month low of $191.64 and a 12-month high of $250.54. The company has a market cap of $81.60 billion, a price-to-earnings ratio of 18.83 and a beta of 0.84. The company’s 50-day moving average price is $242.32 and its 200-day moving average price is $229.08.
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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