iShares Russell 1000 Value ETF $IWD Position Reduced by First Business Financial Services Inc.

First Business Financial Services Inc. cut its holdings in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 1.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 262,423 shares of the exchange traded fund’s stock after selling 3,006 shares during the quarter. iShares Russell 1000 Value ETF comprises approximately 5.1% of First Business Financial Services Inc.’s holdings, making the stock its 6th biggest position. First Business Financial Services Inc.’s holdings in iShares Russell 1000 Value ETF were worth $55,198,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Cullen Frost Bankers Inc. lifted its holdings in iShares Russell 1000 Value ETF by 6.1% during the fourth quarter. Cullen Frost Bankers Inc. now owns 403,058 shares of the exchange traded fund’s stock valued at $84,779,000 after purchasing an additional 23,217 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in iShares Russell 1000 Value ETF by 4.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,557,589 shares of the exchange traded fund’s stock valued at $748,303,000 after purchasing an additional 165,919 shares during the last quarter. Csenge Advisory Group lifted its holdings in shares of iShares Russell 1000 Value ETF by 9.7% in the fourth quarter. Csenge Advisory Group now owns 1,528 shares of the exchange traded fund’s stock worth $321,000 after buying an additional 135 shares in the last quarter. Warner Group LLC purchased a new stake in shares of iShares Russell 1000 Value ETF in the fourth quarter worth about $632,000. Finally, HighTower Advisors LLC lifted its holdings in shares of iShares Russell 1000 Value ETF by 3.9% in the fourth quarter. HighTower Advisors LLC now owns 1,099,616 shares of the exchange traded fund’s stock worth $231,293,000 after buying an additional 41,117 shares in the last quarter. 84.93% of the stock is owned by hedge funds and other institutional investors.

iShares Russell 1000 Value ETF Trading Down 0.4%

Shares of iShares Russell 1000 Value ETF stock opened at $231.72 on Wednesday. iShares Russell 1000 Value ETF has a 12-month low of $184.69 and a 12-month high of $236.01. The company has a market cap of $74.43 billion, a price-to-earnings ratio of 18.83 and a beta of 0.84. The company’s 50-day moving average price is $222.61 and its 200-day moving average price is $217.26.

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.