LRI Investments LLC Sells 2,473 Shares of iShares Russell 1000 Value ETF $IWD

LRI Investments LLC reduced its stake in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 33.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,897 shares of the exchange traded fund’s stock after selling 2,473 shares during the quarter. LRI Investments LLC’s holdings in iShares Russell 1000 Value ETF were worth $951,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Meritage Portfolio Management grew its stake in shares of iShares Russell 1000 Value ETF by 204.2% during the second quarter. Meritage Portfolio Management now owns 78,691 shares of the exchange traded fund’s stock valued at $15,284,000 after buying an additional 52,821 shares during the last quarter. CWM LLC grew its stake in shares of iShares Russell 1000 Value ETF by 0.3% during the second quarter. CWM LLC now owns 64,351 shares of the exchange traded fund’s stock valued at $12,499,000 after buying an additional 174 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of iShares Russell 1000 Value ETF by 49.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,226 shares of the exchange traded fund’s stock valued at $432,000 after buying an additional 739 shares during the last quarter. Summa Corp. bought a new position in shares of iShares Russell 1000 Value ETF during the second quarter valued at about $2,599,000. Finally, Concurrent Investment Advisors LLC grew its stake in shares of iShares Russell 1000 Value ETF by 64.9% during the second quarter. Concurrent Investment Advisors LLC now owns 21,768 shares of the exchange traded fund’s stock valued at $4,228,000 after buying an additional 8,570 shares during the last quarter. 84.93% of the stock is owned by institutional investors.

iShares Russell 1000 Value ETF Trading Down 2.1%

Shares of NYSEARCA:IWD opened at $199.44 on Friday. The stock’s 50-day moving average price is $200.88 and its 200-day moving average price is $192.39. iShares Russell 1000 Value ETF has a 12-month low of $163.19 and a 12-month high of $206.01. The stock has a market capitalization of $62.99 billion, a P/E ratio of 18.83 and a beta of 0.95.

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).