Bank of America Corp DE Sells 246,285 Shares of iShares Russell 1000 Value ETF $IWD

Bank of America Corp DE reduced its stake in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 0.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,570,538 shares of the exchange traded fund’s stock after selling 246,285 shares during the quarter. iShares Russell 1000 Value ETF accounts for approximately 0.7% of Bank of America Corp DE’s portfolio, making the stock its 18th largest holding. Bank of America Corp DE owned about 15.58% of iShares Russell 1000 Value ETF worth $10,092,066,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Clayton Financial Group LLC purchased a new stake in iShares Russell 1000 Value ETF during the 3rd quarter valued at about $27,000. Clarity Asset Management Inc. purchased a new position in iShares Russell 1000 Value ETF in the 2nd quarter worth approximately $35,000. Davis Capital Management purchased a new position in iShares Russell 1000 Value ETF in the 3rd quarter worth approximately $38,000. Aberdeen Wealth Management LLC bought a new stake in iShares Russell 1000 Value ETF in the second quarter valued at approximately $39,000. Finally, Federated Hermes Inc. purchased a new stake in shares of iShares Russell 1000 Value ETF during the third quarter valued at approximately $41,000. Hedge funds and other institutional investors own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Stock Performance

Shares of iShares Russell 1000 Value ETF stock opened at $214.74 on Friday. iShares Russell 1000 Value ETF has a 52-week low of $163.19 and a 52-week high of $226.39. The company’s 50 day moving average price is $220.58 and its 200-day moving average price is $210.80. The stock has a market capitalization of $66.90 billion, a price-to-earnings ratio of 18.83 and a beta of 0.89.

About iShares Russell 1000 Value ETF

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.