iShares Russell 1000 Value ETF $IWD Holdings Reduced by Summit Wealth Group LLC Co.

Summit Wealth Group LLC Co. cut its position in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 10.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71,937 shares of the exchange traded fund’s stock after selling 7,982 shares during the period. iShares Russell 1000 Value ETF accounts for 1.1% of Summit Wealth Group LLC Co.’s investment portfolio, making the stock its 15th largest holding. Summit Wealth Group LLC Co.’s holdings in iShares Russell 1000 Value ETF were worth $17,835,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Baird Financial Group Inc. increased its holdings in iShares Russell 1000 Value ETF by 2.7% in the second quarter. Baird Financial Group Inc. now owns 6,192,377 shares of the exchange traded fund’s stock valued at $1,501,218,000 after buying an additional 165,599 shares during the last quarter. Stairway Partners LLC acquired a new stake in iShares Russell 1000 Value ETF in the third quarter valued at $326,735,000. Fifth Third Bancorp raised its stake in iShares Russell 1000 Value ETF by 324.3% in the first quarter. Fifth Third Bancorp now owns 1,191,768 shares of the exchange traded fund’s stock valued at $254,645,000 after buying an additional 910,889 shares in the last quarter. Oakworth Capital Inc. purchased a new stake in iShares Russell 1000 Value ETF during the 3rd quarter worth about $217,500,000. Finally, Bank of New York Mellon Corp lifted its holdings in iShares Russell 1000 Value ETF by 5.3% during the 1st quarter. Bank of New York Mellon Corp now owns 903,575 shares of the exchange traded fund’s stock worth $193,067,000 after buying an additional 45,283 shares during the last quarter. 84.93% of the stock is owned by hedge funds and other institutional investors.

iShares Russell 1000 Value ETF Stock Performance

NYSEARCA:IWD opened at $259.36 on Tuesday. The stock has a 50-day simple moving average of $254.83 and a 200-day simple moving average of $238.33. The stock has a market cap of $83.18 billion, a P/E ratio of 18.83 and a beta of 0.84. iShares Russell 1000 Value ETF has a 1 year low of $199.79 and a 1 year high of $261.14.

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.