Summit Investment Advisory Services LLC Reduces Position in iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Summit Investment Advisory Services LLC decreased its holdings in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 90.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 1,399 shares of the exchange traded fund’s stock after selling 13,603 shares during the period. Summit Investment Advisory Services LLC’s holdings in iShares Russell 1000 Value ETF were worth $266,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of IWD. Probity Advisors Inc. bought a new position in iShares Russell 1000 Value ETF during the third quarter valued at approximately $213,000. Horizon Wealth Management LLC bought a new stake in iShares Russell 1000 Value ETF in the 3rd quarter worth approximately $1,176,000. Twelve Points Wealth Management LLC purchased a new stake in iShares Russell 1000 Value ETF during the 3rd quarter valued at $202,000. Wolff Wiese Magana LLC lifted its holdings in shares of iShares Russell 1000 Value ETF by 10.9% during the 3rd quarter. Wolff Wiese Magana LLC now owns 599 shares of the exchange traded fund’s stock valued at $114,000 after buying an additional 59 shares during the period. Finally, Indiana Trust & Investment Management Co boosted its stake in shares of iShares Russell 1000 Value ETF by 18.0% in the 3rd quarter. Indiana Trust & Investment Management Co now owns 9,000 shares of the exchange traded fund’s stock worth $1,708,000 after buying an additional 1,371 shares during the last quarter.

iShares Russell 1000 Value ETF Price Performance

Shares of IWD traded down $0.15 during trading hours on Thursday, hitting $193.25. The stock had a trading volume of 357,324 shares, compared to its average volume of 1,733,032. iShares Russell 1000 Value ETF has a 12 month low of $143.34 and a 12 month high of $193.68. The stock has a fifty day moving average price of $186.29 and a 200 day moving average price of $179.51. The firm has a market capitalization of $60.54 billion, a PE ratio of 17.81 and a beta of 0.77.

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).