CIBC Bancorp USA Inc. Invests $40.12 Million in iShares Russell 1000 Value ETF $IWD

CIBC Bancorp USA Inc. bought a new stake in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 197,036 shares of the exchange traded fund’s stock, valued at approximately $40,115,000. CIBC Bancorp USA Inc. owned approximately 0.06% of iShares Russell 1000 Value ETF at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Clayton Financial Group LLC purchased a new position in shares of iShares Russell 1000 Value ETF during the 3rd quarter worth approximately $27,000. Clarity Asset Management Inc. purchased a new stake in iShares Russell 1000 Value ETF in the 2nd quarter valued at approximately $35,000. Davis Capital Management acquired a new stake in iShares Russell 1000 Value ETF during the 3rd quarter valued at $38,000. Aberdeen Wealth Management LLC acquired a new stake in iShares Russell 1000 Value ETF during the 2nd quarter valued at $39,000. Finally, Federated Hermes Inc. purchased a new position in iShares Russell 1000 Value ETF during the third quarter worth $41,000. Hedge funds and other institutional investors own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Stock Up 0.1%

NYSEARCA IWD opened at $216.84 on Wednesday. iShares Russell 1000 Value ETF has a fifty-two week low of $163.19 and a fifty-two week high of $226.39. The business has a fifty day moving average of $220.62 and a 200-day moving average of $211.08. The stock has a market cap of $67.56 billion, a price-to-earnings ratio of 18.83 and a beta of 0.89.

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). 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.