M.D. Sass LLC Invests $4.79 Million in iShares Russell 1000 Value ETF $IWD

M.D. Sass LLC bought a new position in iShares Russell 1000 Value ETF (NYSEARCA:IWD) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 22,751 shares of the exchange traded fund’s stock, valued at approximately $4,785,000. iShares Russell 1000 Value ETF comprises 0.4% of M.D. Sass LLC’s investment portfolio, making the stock its 28th largest position.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Reyes Financial Architecture Inc. bought a new stake in iShares Russell 1000 Value ETF in the fourth quarter valued at $25,000. Holos Integrated Wealth LLC bought a new stake in iShares Russell 1000 Value ETF in the fourth quarter valued at $31,000. Grand Wealth Management LLC bought a new stake in iShares Russell 1000 Value ETF in the fourth quarter valued at $31,000. Eagle Bay Advisors LLC bought a new stake in iShares Russell 1000 Value ETF in the fourth quarter valued at $36,000. Finally, Key Capital Management INC bought a new stake in iShares Russell 1000 Value ETF in the fourth quarter valued at $40,000. Institutional investors own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Stock Up 0.8%

NYSEARCA:IWD opened at $239.32 on Wednesday. The stock has a market cap of $76.87 billion, a P/E ratio of 18.83 and a beta of 0.84. The firm’s fifty day simple moving average is $226.32 and its 200 day simple moving average is $219.31. iShares Russell 1000 Value ETF has a twelve month low of $188.19 and a twelve month high of $239.59.

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). 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.