Modern Wealth Management LLC Takes $1.24 Million Position in iShares Russell 1000 Value ETF $IWD

Modern Wealth Management LLC bought a new stake in iShares Russell 1000 Value ETF (NYSEARCA:IWD) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,760 shares of the exchange traded fund’s stock, valued at approximately $1,238,000.

Several other institutional investors have also recently made changes to their positions in the company. Morgan Stanley grew its holdings in iShares Russell 1000 Value ETF by 9.0% during the 4th quarter. Morgan Stanley now owns 39,663,587 shares of the exchange traded fund’s stock valued at $8,342,840,000 after purchasing an additional 3,280,476 shares during the last quarter. Bank of America Corp DE raised its position in iShares Russell 1000 Value ETF by 5.4% in the 4th quarter. Bank of America Corp DE now owns 52,256,616 shares of the exchange traded fund’s stock worth $10,991,657,000 after purchasing an additional 2,686,078 shares during the period. 71 West Capital Partners bought a new stake in iShares Russell 1000 Value ETF in the fourth quarter worth about $240,065,000. Wells Fargo & Company MN lifted its stake in iShares Russell 1000 Value ETF by 20.3% in the fourth quarter. Wells Fargo & Company MN now owns 5,895,769 shares of the exchange traded fund’s stock worth $1,240,116,000 after purchasing an additional 995,230 shares during the last quarter. Finally, Fifth Third Bancorp boosted its position in shares of iShares Russell 1000 Value ETF by 324.3% during 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 during the period. Institutional investors own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Stock Performance

IWD opened at $248.24 on Friday. The stock has a market cap of $81.21 billion, a price-to-earnings ratio of 18.83 and a beta of 0.84. The stock’s 50 day moving average price is $241.98 and its 200-day moving average price is $228.74. iShares Russell 1000 Value ETF has a one year low of $191.64 and a one year high of $250.50.

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.