Revolve Wealth Partners LLC Takes Position in iShares Russell 1000 Value ETF $IWD

Revolve Wealth Partners LLC acquired a new position in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 7,953 shares of the exchange traded fund’s stock, valued at approximately $1,928,000.

Several other hedge funds have also modified their holdings of the stock. Evanson Financial LLC purchased a new stake in shares of iShares Russell 1000 Value ETF during the 2nd quarter valued at $3,582,000. Brown Miller Wealth Management LLC purchased a new position in shares of iShares Russell 1000 Value ETF in the 4th quarter worth $1,213,000. Massachusetts Financial Services Co. MA raised its position in shares of iShares Russell 1000 Value ETF by 121.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 190,793 shares of the exchange traded fund’s stock worth $40,131,000 after buying an additional 104,778 shares during the period. Oakworth Capital Inc. boosted its holdings in iShares Russell 1000 Value ETF by 3.2% in the fourth quarter. Oakworth Capital Inc. now owns 835,036 shares of the exchange traded fund’s stock valued at $175,641,000 after acquiring an additional 25,803 shares during the last quarter. Finally, Washington Trust Bank grew its position in iShares Russell 1000 Value ETF by 99.3% during the fourth quarter. Washington Trust Bank now owns 4,392 shares of the exchange traded fund’s stock valued at $924,000 after acquiring an additional 2,188 shares during the period. 84.93% of the stock is owned by institutional investors and hedge funds.

iShares Russell 1000 Value ETF Price Performance

Shares of NYSEARCA:IWD opened at $258.31 on Tuesday. The business has a 50-day moving average of $245.94 and a two-hundred day moving average of $231.67. The firm has a market capitalization of $83.92 billion, a PE ratio of 18.83 and a beta of 0.83. iShares Russell 1000 Value ETF has a 12 month low of $194.80 and a 12 month high of $258.44.

iShares Russell 1000 Value ETF Company 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.