Confluence Investment Management LLC Buys New Stake in iShares Russell 1000 Value ETF $IWD

Confluence Investment Management LLC purchased a new position in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 46,185 shares of the exchange traded fund’s stock, valued at approximately $11,451,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IWD. Greenleaf Trust raised its position in shares of iShares Russell 1000 Value ETF by 20,660.3% in the second quarter. Greenleaf Trust now owns 1,491,213 shares of the exchange traded fund’s stock worth $116,166,000 after acquiring an additional 1,484,030 shares during the period. 71 West Capital Partners purchased a new position in shares of iShares Russell 1000 Value ETF in the 4th quarter valued at about $240,065,000. Wells Fargo & Company MN raised its holdings in iShares Russell 1000 Value ETF by 20.3% in the 4th 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 period. Fifth Third Bancorp boosted its position in 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 worth $254,645,000 after purchasing an additional 910,889 shares in the last quarter. Finally, Focus Partners Wealth boosted its position in iShares Russell 1000 Value ETF by 151.8% during the fourth quarter. Focus Partners Wealth now owns 1,412,808 shares of the exchange traded fund’s stock worth $297,152,000 after purchasing an additional 851,770 shares in the last quarter. Institutional investors and hedge funds own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Stock Down 0.1%

Shares of iShares Russell 1000 Value ETF stock traded down $0.29 on Thursday, reaching $247.64. The company’s stock had a trading volume of 1,238,973 shares, compared to its average volume of 2,694,288. The company has a market capitalization of $80.81 billion, a P/E ratio of 18.83 and a beta of 0.83. iShares Russell 1000 Value ETF has a 52-week low of $199.40 and a 52-week high of $260.19. The stock has a 50-day moving average price of $254.63 and a 200-day moving average price of $240.38.

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.