2,479 Shares in iShares Russell 1000 Value ETF $IWD Purchased by Summit Wealth Partners LLC

Summit Wealth Partners LLC bought a new stake in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 2,479 shares of the exchange traded fund’s stock, valued at approximately $530,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Webster Bank N. A. grew its stake in shares of iShares Russell 1000 Value ETF by 11.5% in the first quarter. Webster Bank N. A. now owns 46,445 shares of the exchange traded fund’s stock worth $9,924,000 after acquiring an additional 4,780 shares during the last quarter. Brookstone Capital Management raised its stake in iShares Russell 1000 Value ETF by 1.7% during the 1st quarter. Brookstone Capital Management now owns 10,339 shares of the exchange traded fund’s stock valued at $2,209,000 after purchasing an additional 174 shares during the last quarter. Tactive Advisors LLC raised its stake in iShares Russell 1000 Value ETF by 2.0% during the 1st quarter. Tactive Advisors LLC now owns 9,993 shares of the exchange traded fund’s stock valued at $2,135,000 after purchasing an additional 194 shares during the last quarter. Evolve Private Wealth LLC bought a new stake in iShares Russell 1000 Value ETF in the 1st quarter valued at $2,154,000. Finally, Forbes J M & Co. LLP bought a new stake in iShares Russell 1000 Value ETF in the 1st quarter valued at $224,000. Institutional investors and hedge funds own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Price Performance

NYSEARCA IWD opened at $243.53 on Tuesday. The company’s fifty day moving average is $233.93 and its two-hundred day moving average is $222.97. iShares Russell 1000 Value ETF has a 52-week low of $188.55 and a 52-week high of $245.51. The firm has a market capitalization of $78.22 billion, a price-to-earnings ratio of 18.83 and a beta of 0.84.

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.