Squarepoint Ops LLC Invests $745,000 in iShares Russell 1000 Value ETF $IWD

Squarepoint Ops LLC acquired a new stake in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 3,074 shares of the exchange traded fund’s stock, valued at approximately $745,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Goldman Sachs Group Inc. raised its stake in iShares Russell 1000 Value ETF by 0.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 11,414,192 shares of the exchange traded fund’s stock valued at $2,400,861,000 after purchasing an additional 85,365 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of iShares Russell 1000 Value ETF by 3.8% during the fourth quarter. JPMorgan Chase & Co. now owns 9,251,710 shares of the exchange traded fund’s stock valued at $1,946,005,000 after purchasing an additional 338,948 shares during the period. Baird Financial Group Inc. boosted its holdings in shares of iShares Russell 1000 Value ETF by 2.7% during the second quarter. Baird Financial Group Inc. now owns 6,192,377 shares of the exchange traded fund’s stock worth $1,501,218,000 after purchasing an additional 165,599 shares during the period. Wells Fargo & Company MN lifted its stake in iShares Russell 1000 Value ETF by 20.3% in 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 acquiring an additional 995,230 shares during the period. Finally, LPL Financial LLC boosted its stake in shares of iShares Russell 1000 Value ETF by 2.1% during the 4th quarter. LPL Financial LLC now owns 4,290,502 shares of the exchange traded fund’s stock valued at $902,464,000 after purchasing an additional 88,708 shares in the last quarter. Institutional investors own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Stock Down 0.4%

IWD stock opened at $251.70 on Friday. The firm has a market cap of $80.57 billion, a PE ratio of 18.83 and a beta of 0.83. iShares Russell 1000 Value ETF has a twelve month low of $199.40 and a twelve month high of $260.19. The business has a 50 day moving average of $254.10 and a 200 day moving average of $238.49.

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.