W Advisors LLC Has $3.96 Million Stock Position in iShares Russell 1000 Value ETF $IWD

W Advisors LLC reduced its position in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 16.4% in the 1st quarter, HoldingsChannel reports. The firm owned 18,550 shares of the exchange traded fund’s stock after selling 3,649 shares during the period. iShares Russell 1000 Value ETF accounts for about 2.0% of W Advisors LLC’s investment portfolio, making the stock its 14th largest holding. W Advisors LLC’s holdings in iShares Russell 1000 Value ETF were worth $3,964,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brown Miller Wealth Management LLC bought a new stake in shares of iShares Russell 1000 Value ETF during the fourth quarter worth $1,213,000. Personal CFO Solutions LLC acquired a new stake in shares of iShares Russell 1000 Value ETF in the fourth quarter valued at $1,539,000. Brass Tax Wealth Management Inc. bought a new position in shares of iShares Russell 1000 Value ETF in the third quarter valued at about $753,000. Massachusetts Financial Services Co. MA raised its holdings in shares of iShares Russell 1000 Value ETF by 121.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 190,793 shares of the exchange traded fund’s stock valued at $40,131,000 after buying an additional 104,778 shares during the last quarter. Finally, Beacon Investment Advisory Services Inc. lifted its position in iShares Russell 1000 Value ETF by 1,036.3% during the 4th quarter. Beacon Investment Advisory Services Inc. now owns 24,181 shares of the exchange traded fund’s stock worth $5,086,000 after buying an additional 22,053 shares in the last quarter. 84.93% of the stock is currently owned by institutional investors and hedge funds.

iShares Russell 1000 Value ETF Stock Down 1.0%

Shares of NYSEARCA IWD opened at $245.20 on Thursday. iShares Russell 1000 Value ETF has a 12-month low of $191.64 and a 12-month high of $249.26. The firm’s 50-day simple moving average is $238.39 and its 200 day simple moving average is $225.84. The company has a market cap of $80.98 billion, a price-to-earnings ratio of 18.83 and a beta of 0.84.

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.