Brown Advisory Inc. Increases Position in iShares Russell 1000 Value ETF $IWD

Brown Advisory Inc. increased its stake in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 52.7% in the 4th quarter, Holdings Channel reports. The fund owned 619,817 shares of the exchange traded fund’s stock after buying an additional 213,880 shares during the quarter. Brown Advisory Inc.’s holdings in iShares Russell 1000 Value ETF were worth $130,372,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IWD. 1ST Source Bank boosted its position in iShares Russell 1000 Value ETF by 1.3% during the third quarter. 1ST Source Bank now owns 686,114 shares of the exchange traded fund’s stock valued at $139,686,000 after buying an additional 8,737 shares during the period. Brown Miller Wealth Management LLC purchased a new stake in iShares Russell 1000 Value ETF during the fourth quarter valued at about $1,213,000. Focus Partners Advisor Solutions LLC boosted its position in iShares Russell 1000 Value ETF by 32.6% during the third quarter. Focus Partners Advisor Solutions LLC now owns 25,923 shares of the exchange traded fund’s stock valued at $5,308,000 after buying an additional 6,380 shares during the period. Claro Advisors LLC boosted its position in iShares Russell 1000 Value ETF by 21.2% during the third quarter. Claro Advisors LLC now owns 101,709 shares of the exchange traded fund’s stock valued at $20,707,000 after buying an additional 17,760 shares during the period. Finally, Personal CFO Solutions LLC purchased a new stake in iShares Russell 1000 Value ETF during the fourth quarter valued at about $1,539,000. 84.93% of the stock is currently owned by hedge funds and other institutional investors.

iShares Russell 1000 Value ETF Trading Up 1.0%

Shares of NYSEARCA:IWD opened at $242.13 on Friday. The company has a market cap of $77.77 billion, a price-to-earnings ratio of 18.83 and a beta of 0.84. The company has a 50-day moving average price of $231.02 and a 200-day moving average price of $221.41. iShares Russell 1000 Value ETF has a 12 month low of $188.55 and a 12 month high of $243.00.

About iShares Russell 1000 Value ETF

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.