Pacific Life Fund Advisors LLC Trims Position in iShares Russell 1000 Value ETF $IWD

Pacific Life Fund Advisors LLC trimmed its position in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 23.0% in the first quarter, Holdings Channel reports. The firm owned 803,474 shares of the exchange traded fund’s stock after selling 240,169 shares during the quarter. iShares Russell 1000 Value ETF accounts for 19.7% of Pacific Life Fund Advisors LLC’s holdings, making the stock its biggest holding. Pacific Life Fund Advisors LLC’s holdings in iShares Russell 1000 Value ETF were worth $171,678,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of IWD. Reyes Financial Architecture Inc. acquired a new stake in iShares Russell 1000 Value ETF during the fourth quarter valued at approximately $25,000. IFC & Insurance Marketing Inc. acquired a new position in shares of iShares Russell 1000 Value ETF in the 4th quarter worth approximately $28,000. MBM Wealth Consultants LLC acquired a new position in shares of iShares Russell 1000 Value ETF in the 1st quarter worth approximately $29,000. Holos Integrated Wealth LLC bought a new stake in shares of iShares Russell 1000 Value ETF in the 4th quarter valued at approximately $31,000. Finally, Grand Wealth Management LLC bought a new stake in shares of iShares Russell 1000 Value ETF in the 4th quarter valued at approximately $31,000. 84.93% of the stock is currently owned by institutional investors and hedge funds.

iShares Russell 1000 Value ETF Price Performance

IWD stock opened at $246.84 on Monday. iShares Russell 1000 Value ETF has a 1-year low of $191.64 and a 1-year high of $249.26. The firm has a fifty day moving average price of $239.17 and a two-hundred day moving average price of $226.35. The firm has a market cap of $81.47 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.