Envestnet Portfolio Solutions Inc. lowered its position in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD – Free Report) by 10.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 92,318 shares of the exchange traded fund’s stock after selling 11,209 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in iShares Russell 1000 Value ETF were worth $22,381,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its holdings in shares of iShares Russell 1000 Value ETF by 0.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 11,414,192 shares of the exchange traded fund’s stock valued at $2,400,861,000 after purchasing an additional 85,365 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in iShares Russell 1000 Value ETF by 3.8% during the fourth quarter. JPMorgan Chase & Co. now owns 9,251,710 shares of the exchange traded fund’s stock worth $1,946,005,000 after purchasing an additional 338,948 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in iShares Russell 1000 Value ETF by 2.7% during the second quarter. Baird Financial Group Inc. now owns 6,192,377 shares of the exchange traded fund’s stock worth $1,501,218,000 after purchasing an additional 165,599 shares during the last quarter. Wells Fargo & Company MN grew its position in iShares Russell 1000 Value ETF by 20.3% in the fourth 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. Finally, LPL Financial LLC grew its position in iShares Russell 1000 Value ETF by 2.1% in the fourth quarter. LPL Financial LLC now owns 4,290,502 shares of the exchange traded fund’s stock valued at $902,464,000 after purchasing an additional 88,708 shares in the last quarter. 84.93% of the stock is owned by institutional investors.
iShares Russell 1000 Value ETF Price Performance
IWD stock traded down $1.25 during midday trading on Wednesday, hitting $251.42. The company’s stock had a trading volume of 1,723,142 shares, compared to its average volume of 2,726,761. The company’s fifty day moving average price is $254.34 and its 200 day moving average price is $239.01. iShares Russell 1000 Value ETF has a twelve month low of $199.40 and a twelve month high of $260.19. The stock has a market capitalization of $81.90 billion, a P/E ratio of 18.83 and a beta of 0.83.
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). 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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