SMI Advisory Services LLC Invests $55.46 Million in iShares Russell 1000 Value ETF $IWD

SMI Advisory Services LLC purchased a new position in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 254,744 shares of the exchange traded fund’s stock, valued at approximately $55,463,000. iShares Russell 1000 Value ETF makes up 9.6% of SMI Advisory Services LLC’s portfolio, making the stock its 3rd largest position.

Other hedge funds have also added to or reduced their stakes in the company. Arkadios Wealth Advisors boosted its holdings in shares of iShares Russell 1000 Value ETF by 25.4% in the 3rd quarter. Arkadios Wealth Advisors now owns 73,261 shares of the exchange traded fund’s stock valued at $14,915,000 after purchasing an additional 14,842 shares in the last quarter. Americana Partners LLC increased its stake in shares of iShares Russell 1000 Value ETF by 78.9% in the 3rd quarter. Americana Partners LLC now owns 170,599 shares of the exchange traded fund’s stock valued at $34,732,000 after purchasing an additional 75,256 shares during the last quarter. 1ST Source Bank raised its holdings in shares of iShares Russell 1000 Value ETF by 1.3% during the 3rd quarter. 1ST Source Bank now owns 686,114 shares of the exchange traded fund’s stock worth $139,686,000 after buying an additional 8,737 shares in the last quarter. Cullen Frost Bankers Inc. raised its holdings in shares of iShares Russell 1000 Value ETF by 0.8% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 379,841 shares of the exchange traded fund’s stock worth $77,332,000 after buying an additional 2,894 shares in the last quarter. Finally, Apella Capital LLC lifted its position in shares of iShares Russell 1000 Value ETF by 64.1% during the 3rd quarter. Apella Capital LLC now owns 73,272 shares of the exchange traded fund’s stock worth $14,789,000 after buying an additional 28,614 shares during the last quarter. 84.93% of the stock is owned by institutional investors.

iShares Russell 1000 Value ETF Stock Down 1.1%

iShares Russell 1000 Value ETF stock opened at $212.51 on Friday. iShares Russell 1000 Value ETF has a 12-month low of $163.19 and a 12-month high of $226.39. The business’s 50-day moving average price is $220.08 and its two-hundred day moving average price is $211.53. The stock has a market cap of $66.21 billion, a PE ratio of 18.83 and a beta of 0.89.

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.