Berman McAleer LLC Invests $14.26 Million in iShares Russell 1000 Value ETF $IWD

Berman McAleer LLC bought a new position in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 70,035 shares of the exchange traded fund’s stock, valued at approximately $14,258,000. iShares Russell 1000 Value ETF makes up about 2.0% of Berman McAleer LLC’s portfolio, making the stock its 12th biggest position.

Several other institutional investors also recently modified their holdings of the stock. Clayton Financial Group LLC bought a new position in iShares Russell 1000 Value ETF during the 3rd quarter worth approximately $27,000. Advantage Trust Co acquired a new position in shares of iShares Russell 1000 Value ETF during the second quarter worth approximately $29,000. RMG Wealth Management LLC bought a new position in iShares Russell 1000 Value ETF in the 2nd quarter valued at about $33,000. Access Investment Management LLC bought a new stake in shares of iShares Russell 1000 Value ETF in the 2nd quarter worth $35,000. Finally, Clarity Asset Management Inc. bought a new position in shares of iShares Russell 1000 Value ETF in the second quarter valued at approximately $35,000. 84.93% of the stock is currently owned by institutional investors and hedge funds.

iShares Russell 1000 Value ETF Stock Down 0.2%

iShares Russell 1000 Value ETF stock opened at $219.86 on Friday. The company has a market capitalization of $68.86 billion, a P/E ratio of 18.83 and a beta of 0.89. The firm has a 50 day moving average price of $213.36 and a 200-day moving average price of $205.48. iShares Russell 1000 Value ETF has a twelve month low of $163.19 and a twelve month high of $221.43.

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). The Index represents approximately 50% of the total market capitalization of the Russell 1000 Index. The Index measures the large-capital value sector of the United States equity market.