DAVENPORT & Co LLC Decreases Stock Holdings in iShares Russell 1000 Value ETF $IWD

DAVENPORT & Co LLC cut its holdings in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 8.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,630 shares of the exchange traded fund’s stock after selling 452 shares during the quarter. DAVENPORT & Co LLC’s holdings in iShares Russell 1000 Value ETF were worth $899,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Truvestments Capital LLC purchased a new position in iShares Russell 1000 Value ETF during the 1st quarter valued at $25,000. GKV Capital Management Co. Inc. bought a new stake in shares of iShares Russell 1000 Value ETF during the 1st quarter valued at about $27,000. Creative Capital Management Investments LLC bought a new stake in shares of iShares Russell 1000 Value ETF during the 1st quarter valued at about $38,000. Valley Wealth Managers Inc. lifted its holdings in iShares Russell 1000 Value ETF by 78.0% in the first quarter. Valley Wealth Managers Inc. now owns 210 shares of the exchange traded fund’s stock worth $40,000 after buying an additional 92 shares during the period. Finally, Milestone Investment Advisors LLC purchased a new stake in iShares Russell 1000 Value ETF in the first quarter worth about $41,000. 84.93% of the stock is owned by institutional investors.

iShares Russell 1000 Value ETF Stock Performance

Shares of NYSEARCA:IWD opened at $199.44 on Friday. iShares Russell 1000 Value ETF has a 52-week low of $163.19 and a 52-week high of $206.01. The firm has a market capitalization of $63.02 billion, a P/E ratio of 18.83 and a beta of 0.95. The stock has a 50 day moving average price of $200.88 and a 200-day moving average price of $192.37.

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).