Financial Advocates Investment Management Trims Stake in iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Financial Advocates Investment Management cut its stake in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 40.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,886 shares of the exchange traded fund’s stock after selling 4,034 shares during the period. Financial Advocates Investment Management’s holdings in iShares Russell 1000 Value ETF were worth $1,090,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Raymond James & Associates lifted its stake in shares of iShares Russell 1000 Value ETF by 0.6% during the 3rd quarter. Raymond James & Associates now owns 3,666,344 shares of the exchange traded fund’s stock valued at $695,872,000 after buying an additional 22,295 shares in the last quarter. LPL Financial LLC raised its holdings in iShares Russell 1000 Value ETF by 0.7% during the third quarter. LPL Financial LLC now owns 3,293,977 shares of the exchange traded fund’s stock valued at $625,197,000 after acquiring an additional 23,197 shares during the period. PNC Financial Services Group Inc. raised its holdings in iShares Russell 1000 Value ETF by 0.3% during the third quarter. PNC Financial Services Group Inc. now owns 3,247,266 shares of the exchange traded fund’s stock valued at $616,331,000 after acquiring an additional 10,304 shares during the period. Synovus Financial Corp lifted its position in shares of iShares Russell 1000 Value ETF by 1.2% in the third quarter. Synovus Financial Corp now owns 2,848,914 shares of the exchange traded fund’s stock valued at $540,724,000 after acquiring an additional 34,700 shares in the last quarter. Finally, Stifel Financial Corp boosted its stake in shares of iShares Russell 1000 Value ETF by 3.8% in the third quarter. Stifel Financial Corp now owns 1,947,425 shares of the exchange traded fund’s stock worth $369,623,000 after acquiring an additional 70,612 shares during the period.

iShares Russell 1000 Value ETF Trading Down 0.6 %

Shares of IWD opened at $193.25 on Friday. iShares Russell 1000 Value ETF has a 12-month low of $164.34 and a 12-month high of $200.42. The company has a market capitalization of $60.54 billion, a PE ratio of 17.81 and a beta of 0.77. The business’s 50 day moving average is $190.52 and its 200 day moving average is $188.66.

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).