Farmers & Merchants Investments Inc. Decreases Position in iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Farmers & Merchants Investments Inc. cut its stake in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 5.1% during the first quarter, HoldingsChannel reports. The firm owned 7,255 shares of the exchange traded fund’s stock after selling 386 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in iShares Russell 1000 Value ETF were worth $1,365,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE grew its holdings in iShares Russell 1000 Value ETF by 9.5% during the 4th quarter. Bank of America Corp DE now owns 54,061,592 shares of the exchange traded fund’s stock valued at $10,008,423,000 after purchasing an additional 4,699,792 shares during the last quarter. FMR LLC grew its holdings in iShares Russell 1000 Value ETF by 4.0% during the 4th quarter. FMR LLC now owns 9,268,989 shares of the exchange traded fund’s stock valued at $1,715,968,000 after purchasing an additional 354,694 shares during the last quarter. JPMorgan Chase & Co. grew its stake in iShares Russell 1000 Value ETF by 7.8% in the 4th quarter. JPMorgan Chase & Co. now owns 9,252,043 shares of the exchange traded fund’s stock worth $1,712,831,000 after acquiring an additional 671,710 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in iShares Russell 1000 Value ETF by 21.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 7,877,198 shares of the exchange traded fund’s stock worth $1,458,306,000 after acquiring an additional 1,400,086 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in iShares Russell 1000 Value ETF by 36.6% in the 4th quarter. Wells Fargo & Company MN now owns 6,284,015 shares of the exchange traded fund’s stock worth $1,163,360,000 after acquiring an additional 1,683,297 shares in the last quarter.

iShares Russell 1000 Value ETF Stock Performance

Shares of IWD opened at $189.83 on Friday. iShares Russell 1000 Value ETF has a fifty-two week low of $163.19 and a fifty-two week high of $200.42. The company has a 50 day moving average price of $184.25 and a 200-day moving average price of $187.85. The stock has a market capitalization of $60.95 billion, a PE ratio of 19.08 and a beta of 0.90.

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).