Piedmont Capital Management LLC NC Invests $5.78 Million in iShares Russell 1000 Value ETF $IWD

Piedmont Capital Management LLC NC bought a new position in iShares Russell 1000 Value ETF (NYSEARCA:IWD) in the 4th quarter, Holdings Channel reports. The firm bought 27,500 shares of the exchange traded fund’s stock, valued at approximately $5,784,000. iShares Russell 1000 Value ETF comprises about 3.8% of Piedmont Capital Management LLC NC’s portfolio, making the stock its 7th largest holding.

Several other institutional investors have also recently made changes to their positions in the company. Portfolio Resources Advisor Group Inc. bought a new stake in shares of iShares Russell 1000 Value ETF in the 4th quarter worth about $349,000. MLP3 LLC bought a new stake in shares of iShares Russell 1000 Value ETF in the 4th quarter worth about $211,000. MML Investors Services LLC lifted its holdings in shares of iShares Russell 1000 Value ETF by 11.5% in the 4th quarter. MML Investors Services LLC now owns 455,284 shares of the exchange traded fund’s stock worth $95,765,000 after acquiring an additional 47,001 shares during the last quarter. Mariner LLC lifted its holdings in shares of iShares Russell 1000 Value ETF by 6.3% in the 4th quarter. Mariner LLC now owns 531,496 shares of the exchange traded fund’s stock worth $111,795,000 after acquiring an additional 31,418 shares during the last quarter. Finally, NFJ Investment Group LLC lifted its holdings in shares of iShares Russell 1000 Value ETF by 1,705.2% in the 4th quarter. NFJ Investment Group LLC now owns 41,105 shares of the exchange traded fund’s stock worth $8,646,000 after acquiring an additional 38,828 shares during the last quarter. Institutional investors own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Price Performance

Shares of IWD opened at $242.13 on Monday. iShares Russell 1000 Value ETF has a 1-year low of $188.55 and a 1-year high of $243.00. The company has a 50-day moving average of $231.02 and a 200 day moving average of $221.53. The firm has a market capitalization of $77.77 billion, a price-to-earnings ratio of 18.83 and a beta of 0.84.

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.