Montecito Bank & Trust lessened its position in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 9.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 126,729 shares of the exchange traded fund’s stock after selling 12,613 shares during the period. iShares Russell 1000 Value ETF comprises 4.9% of Montecito Bank & Trust’s holdings, making the stock its 2nd largest position. Montecito Bank & Trust’s holdings in iShares Russell 1000 Value ETF were worth $16,122,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in IWD. Jackson Hole Capital Partners LLC bought a new position in iShares Russell 1000 Value ETF during the 4th quarter worth about $27,000. Covenant Multifamily Offices LLC acquired a new position in shares of iShares Russell 1000 Value ETF during the 1st quarter worth about $28,000. Resources Management Corp CT ADV acquired a new position in shares of iShares Russell 1000 Value ETF during the 4th quarter worth about $29,000. Litman Gregory Asset Management LLC acquired a new position in shares of iShares Russell 1000 Value ETF during the 1st quarter worth about $31,000. Finally, WP Advisors LLC acquired a new position in shares of iShares Russell 1000 Value ETF during the 1st quarter worth about $32,000.

Shares of iShares Russell 1000 Value ETF stock traded up $1.02 during trading hours on Tuesday, reaching $129.23. 678,959 shares of the company’s stock were exchanged, compared to its average volume of 2,190,152. The business’s 50 day moving average is $127.20. iShares Russell 1000 Value ETF has a fifty-two week low of $104.07 and a fifty-two week high of $129.87.

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).

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

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