Sowell Financial Services LLC purchased a new stake in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD – Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 36,141 shares of the exchange traded fund’s stock, valued at approximately $8,960,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Ascent Wealth Partners LLC bought a new stake in iShares Russell 1000 Value ETF during the 3rd quarter valued at $3,063,000. Rebalance LLC boosted its holdings in shares of iShares Russell 1000 Value ETF by 0.4% in the third quarter. Rebalance LLC now owns 34,721 shares of the exchange traded fund’s stock worth $8,608,000 after acquiring an additional 128 shares during the period. West Financial Advisors LLC boosted its holdings in shares of iShares Russell 1000 Value ETF by 120.1% in the third quarter. West Financial Advisors LLC now owns 2,309 shares of the exchange traded fund’s stock worth $572,000 after acquiring an additional 1,260 shares during the period. Manchester Capital Management LLC bought a new position in shares of iShares Russell 1000 Value ETF in the third quarter worth $2,550,000. Finally, Barrett & Company Inc. purchased a new position in shares of iShares Russell 1000 Value ETF in the third quarter valued at $2,013,000. 84.93% of the stock is owned by institutional investors.
iShares Russell 1000 Value ETF Stock Performance
Shares of IWD opened at $260.76 on Friday. The stock’s 50-day simple moving average is $254.74 and its 200 day simple moving average is $237.91. The stock has a market capitalization of $85.62 billion, a price-to-earnings ratio of 18.83 and a beta of 0.84. iShares Russell 1000 Value ETF has a 52-week low of $199.79 and a 52-week high of $260.82.
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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