Beacon Capital Management LLC Raises Stake in iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Beacon Capital Management LLC grew its stake in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 5.0% during the second quarter, Holdings Channel reports. The institutional investor owned 1,750 shares of the exchange traded fund’s stock after purchasing an additional 84 shares during the quarter. Beacon Capital Management LLC’s holdings in iShares Russell 1000 Value ETF were worth $276,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Moneta Group Investment Advisors LLC increased its stake in iShares Russell 1000 Value ETF by 120,617.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 222,740,910 shares of the exchange traded fund’s stock worth $33,778,659,000 after purchasing an additional 222,556,396 shares during the period. Morgan Stanley grew its stake in shares of iShares Russell 1000 Value ETF by 0.9% in the fourth quarter. Morgan Stanley now owns 30,707,516 shares of the exchange traded fund’s stock worth $4,656,795,000 after purchasing an additional 276,413 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in iShares Russell 1000 Value ETF by 6.0% during the 4th quarter. JPMorgan Chase & Co. now owns 14,205,325 shares of the exchange traded fund’s stock valued at $2,154,239,000 after purchasing an additional 804,401 shares during the period. Jones Financial Companies Lllp lifted its holdings in iShares Russell 1000 Value ETF by 0.6% in the 1st quarter. Jones Financial Companies Lllp now owns 8,546,612 shares of the exchange traded fund’s stock worth $1,301,307,000 after buying an additional 51,630 shares during the period. Finally, UBS Group AG lifted its holdings in iShares Russell 1000 Value ETF by 1.6% in the 1st quarter. UBS Group AG now owns 7,262,748 shares of the exchange traded fund’s stock worth $1,105,826,000 after buying an additional 117,495 shares during the period.

iShares Russell 1000 Value ETF Stock Performance

Shares of iShares Russell 1000 Value ETF stock traded down $0.13 during midday trading on Tuesday, reaching $158.07. 215,542 shares of the company’s stock traded hands, compared to its average volume of 1,760,962. The company has a market cap of $50.49 billion, a PE ratio of 13.53 and a beta of 0.95. The stock has a 50 day moving average of $159.57 and a 200-day moving average of $154.89. iShares Russell 1000 Value ETF has a 12 month low of $134.09 and a 12 month high of $164.18.

iShares Russell 1000 Value ETF Company 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).