Promus Capital LLC Purchases New Position in iShares Russell 1000 Value ETF $IWD

Promus Capital LLC purchased a new stake in iShares Russell 1000 Value ETF (NYSEARCA:IWD) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,342 shares of the exchange traded fund’s stock, valued at approximately $477,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its holdings in shares of iShares Russell 1000 Value ETF by 140.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 9,153,000 shares of the exchange traded fund’s stock valued at $1,777,787,000 after buying an additional 32,036,243 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of iShares Russell 1000 Value ETF by 1.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 6,693,245 shares of the exchange traded fund’s stock valued at $1,362,678,000 after buying an additional 93,461 shares during the last quarter. Baird Financial Group Inc. raised its stake in iShares Russell 1000 Value ETF by 12.7% during the 2nd quarter. Baird Financial Group Inc. now owns 5,275,282 shares of the exchange traded fund’s stock worth $1,024,618,000 after acquiring an additional 593,784 shares in the last quarter. Raymond James Financial Inc. raised its stake in iShares Russell 1000 Value ETF by 1.6% during the 2nd quarter. Raymond James Financial Inc. now owns 4,978,791 shares of the exchange traded fund’s stock worth $967,031,000 after acquiring an additional 76,936 shares in the last quarter. Finally, M&T Bank Corp lifted its position in iShares Russell 1000 Value ETF by 3.3% in the second quarter. M&T Bank Corp now owns 3,931,029 shares of the exchange traded fund’s stock valued at $763,524,000 after acquiring an additional 126,874 shares during the last quarter. Institutional investors and hedge funds own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Price Performance

NYSEARCA IWD opened at $218.72 on Tuesday. The company has a fifty day moving average of $220.17 and a two-hundred day moving average of $210.44. The company has a market capitalization of $68.14 billion, a PE ratio of 18.83 and a beta of 0.89. iShares Russell 1000 Value ETF has a 1 year low of $163.19 and a 1 year high of $226.39.

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). 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.