Riverbend Wealth Management LLC Makes New Investment in iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Riverbend Wealth Management LLC acquired a new stake in iShares Russell 1000 Value ETF (NYSEARCA:IWD) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,754 shares of the exchange traded fund’s stock, valued at approximately $325,000.

A number of other institutional investors and hedge funds have also made changes to their positions in IWD. Rialto Wealth Management LLC acquired a new stake in iShares Russell 1000 Value ETF in the 4th quarter valued at $676,000. Massachusetts Financial Services Co. MA grew its position in shares of iShares Russell 1000 Value ETF by 13.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 130,392 shares of the exchange traded fund’s stock valued at $24,748,000 after purchasing an additional 14,966 shares during the period. Rebalance LLC increased its stake in shares of iShares Russell 1000 Value ETF by 0.7% during the fourth quarter. Rebalance LLC now owns 42,010 shares of the exchange traded fund’s stock worth $7,777,000 after purchasing an additional 306 shares in the last quarter. Wedmont Private Capital increased its stake in shares of iShares Russell 1000 Value ETF by 49.5% during the fourth quarter. Wedmont Private Capital now owns 4,083 shares of the exchange traded fund’s stock worth $750,000 after purchasing an additional 1,351 shares in the last quarter. Finally, Strategic Financial Concepts LLC raised its position in shares of iShares Russell 1000 Value ETF by 18,440.5% during the 4th quarter. Strategic Financial Concepts LLC now owns 420,683 shares of the exchange traded fund’s stock worth $77,881,000 after purchasing an additional 418,414 shares during the last quarter.

iShares Russell 1000 Value ETF Trading Down 1.5 %

IWD stock opened at $186.89 on Tuesday. iShares Russell 1000 Value ETF has a 12-month low of $168.85 and a 12-month high of $200.42. The business’s 50-day moving average is $191.21 and its 200 day moving average is $190.72. The stock has a market cap of $60.11 billion, a price-to-earnings ratio of 19.81 and a beta of 0.98.

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).