71 West Capital Partners Invests $240.07 Million in iShares Russell 1000 Value ETF $IWD

71 West Capital Partners bought a new position in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,141,321 shares of the exchange traded fund’s stock, valued at approximately $240,065,000. iShares Russell 1000 Value ETF accounts for 11.0% of 71 West Capital Partners’ investment portfolio, making the stock its 2nd largest position.

A number of other institutional investors also recently modified their holdings of IWD. Morgan Stanley boosted its holdings in shares of iShares Russell 1000 Value ETF by 9.0% during the fourth quarter. Morgan Stanley now owns 39,663,587 shares of the exchange traded fund’s stock worth $8,342,840,000 after purchasing an additional 3,280,476 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of iShares Russell 1000 Value ETF by 20.3% during the fourth quarter. Wells Fargo & Company MN now owns 5,895,769 shares of the exchange traded fund’s stock worth $1,240,116,000 after purchasing an additional 995,230 shares during the period. Focus Partners Wealth boosted its holdings in shares of iShares Russell 1000 Value ETF by 151.8% during the fourth quarter. Focus Partners Wealth now owns 1,412,808 shares of the exchange traded fund’s stock worth $297,152,000 after purchasing an additional 851,770 shares during the period. OpenArc Corporate Advisory LLC purchased a new stake in shares of iShares Russell 1000 Value ETF during the fourth quarter worth about $141,633,000. Finally, Diamond Hill Capital Management Inc. boosted its holdings in shares of iShares Russell 1000 Value ETF by 24,828.5% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 556,903 shares of the exchange traded fund’s stock worth $117,139,000 after purchasing an additional 554,669 shares during the period. 84.93% of the stock is currently owned by hedge funds and other institutional investors.

iShares Russell 1000 Value ETF Trading Up 0.7%

iShares Russell 1000 Value ETF stock opened at $243.78 on Tuesday. iShares Russell 1000 Value ETF has a 1-year low of $188.55 and a 1-year high of $244.67. The firm has a 50-day moving average of $231.58 and a 200-day moving average of $221.79. The firm has a market cap of $78.30 billion, a P/E ratio of 18.83 and a beta of 0.84.

iShares Russell 1000 Value ETF 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.