Bank of America Corp DE Sells 6,112,118 Shares of iShares Russell 1000 Value ETF $IWD

Bank of America Corp DE trimmed its holdings in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 11.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,144,498 shares of the exchange traded fund’s stock after selling 6,112,118 shares during the quarter. iShares Russell 1000 Value ETF comprises about 0.7% of Bank of America Corp DE’s portfolio, making the stock its 24th biggest position. Bank of America Corp DE owned approximately 14.37% of iShares Russell 1000 Value ETF worth $9,859,695,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Morgan Stanley increased its holdings in iShares Russell 1000 Value ETF by 9.0% in 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 in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of iShares Russell 1000 Value ETF by 0.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 11,414,192 shares of the exchange traded fund’s stock worth $2,400,861,000 after buying an additional 85,365 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of iShares Russell 1000 Value ETF by 3.8% during the 4th quarter. JPMorgan Chase & Co. now owns 9,251,710 shares of the exchange traded fund’s stock worth $1,946,005,000 after buying an additional 338,948 shares during the period. Wells Fargo & Company MN increased its stake in shares of iShares Russell 1000 Value ETF by 20.3% in the 4th quarter. Wells Fargo & Company MN now owns 5,895,769 shares of the exchange traded fund’s stock valued at $1,240,116,000 after acquiring an additional 995,230 shares in the last quarter. Finally, Raymond James Financial Inc. increased its stake in shares of iShares Russell 1000 Value ETF by 4.4% in the 4th quarter. Raymond James Financial Inc. now owns 5,379,206 shares of the exchange traded fund’s stock valued at $1,131,462,000 after acquiring an additional 224,280 shares in the last quarter. Institutional investors own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Stock Down 1.0%

iShares Russell 1000 Value ETF stock opened at $249.52 on Thursday. The company has a market capitalization of $81.28 billion, a PE ratio of 18.83 and a beta of 0.84. iShares Russell 1000 Value ETF has a 12-month low of $191.64 and a 12-month high of $252.73. The firm’s fifty day moving average is $243.05 and its 200 day moving average is $229.58.

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.