Citizens Financial Group Inc. RI trimmed its holdings in iShares Russell 1000 Value Index (NYSEARCA:IWD) by 45.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,256 shares of the exchange traded fund’s stock after selling 3,516 shares during the period. Citizens Financial Group Inc. RI’s holdings in iShares Russell 1000 Value Index were worth $504,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in IWD. BDO Wealth Advisors LLC acquired a new position in iShares Russell 1000 Value Index during the second quarter valued at approximately $109,000. Moisand Fitzgerald Tamayo LLC acquired a new position in iShares Russell 1000 Value Index during the third quarter valued at approximately $112,000. Vestor Capital LLC acquired a new position in iShares Russell 1000 Value Index during the second quarter valued at approximately $131,000. Farmers National Bank raised its position in iShares Russell 1000 Value Index by 26.1% during the second quarter. Farmers National Bank now owns 1,410 shares of the exchange traded fund’s stock valued at $164,000 after purchasing an additional 292 shares in the last quarter. Finally, Hanson McClain Inc. raised its position in iShares Russell 1000 Value Index by 14.8% during the second quarter. Hanson McClain Inc. now owns 1,663 shares of the exchange traded fund’s stock valued at $194,000 after purchasing an additional 215 shares in the last quarter.

Shares of iShares Russell 1000 Value Index (NYSEARCA:IWD) traded down $0.17 on Wednesday, reaching $122.67. 1,850,500 shares of the company’s stock traded hands, compared to its average volume of 1,992,353. iShares Russell 1000 Value Index has a 1-year low of $110.49 and a 1-year high of $124.58.

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About iShares Russell 1000 Value Index

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).

Institutional Ownership by Quarter for iShares Russell 1000 Value Index (NYSEARCA:IWD)

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