iShares Russell 1000 Value ETF (NYSEARCA:IWD) Position Reduced by Summit Wealth & Retirement Planning Inc.

Summit Wealth & Retirement Planning Inc. trimmed its stake in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 4.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,746 shares of the exchange traded fund’s stock after selling 2,716 shares during the period. iShares Russell 1000 Value ETF comprises 3.9% of Summit Wealth & Retirement Planning Inc.’s holdings, making the stock its 10th biggest holding. Summit Wealth & Retirement Planning Inc.’s holdings in iShares Russell 1000 Value ETF were worth $12,289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in IWD. Triad Wealth Partners LLC purchased a new position in shares of iShares Russell 1000 Value ETF during the second quarter valued at $25,000. Opal Wealth Advisors LLC bought a new position in iShares Russell 1000 Value ETF during the 2nd quarter worth about $28,000. Eagle Bay Advisors LLC purchased a new position in iShares Russell 1000 Value ETF during the 3rd quarter valued at about $32,000. Nemes Rush Group LLC raised its holdings in shares of iShares Russell 1000 Value ETF by 382.1% in the 2nd quarter. Nemes Rush Group LLC now owns 188 shares of the exchange traded fund’s stock valued at $33,000 after purchasing an additional 149 shares in the last quarter. Finally, Family Firm Inc. bought a new stake in shares of iShares Russell 1000 Value ETF in the 2nd quarter valued at about $37,000.

iShares Russell 1000 Value ETF Stock Performance

Shares of IWD opened at $195.35 on Friday. The stock has a market capitalization of $61.19 billion, a PE ratio of 17.81 and a beta of 0.77. The company has a 50 day moving average price of $189.06 and a 200-day moving average price of $181.49. iShares Russell 1000 Value ETF has a fifty-two week low of $148.63 and a fifty-two week high of $195.85.

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).