1ST Source Bank Acquires 11,697 Shares of iShares Russell 1000 Value ETF $IWD

1ST Source Bank boosted its holdings in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 1.9% during the first quarter, HoldingsChannel.com reports. The fund owned 621,889 shares of the exchange traded fund’s stock after purchasing an additional 11,697 shares during the period. iShares Russell 1000 Value ETF accounts for 6.9% of 1ST Source Bank’s portfolio, making the stock its 4th largest holding. 1ST Source Bank’s holdings in iShares Russell 1000 Value ETF were worth $132,879,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in IWD. Simplicity Wealth LLC lifted its position in shares of iShares Russell 1000 Value ETF by 0.3% during the 1st quarter. Simplicity Wealth LLC now owns 16,034 shares of the exchange traded fund’s stock worth $3,426,000 after buying an additional 44 shares during the period. Falcon Wealth Planning grew its position in iShares Russell 1000 Value ETF by 3.9% in the first quarter. Falcon Wealth Planning now owns 1,204 shares of the exchange traded fund’s stock valued at $257,000 after acquiring an additional 45 shares during the period. Members Wealth LLC grew its position in iShares Russell 1000 Value ETF by 3.6% in the first quarter. Members Wealth LLC now owns 1,330 shares of the exchange traded fund’s stock valued at $301,000 after acquiring an additional 46 shares during the period. Cardiff Park Advisors LLC raised its stake in iShares Russell 1000 Value ETF by 0.6% during the fourth quarter. Cardiff Park Advisors LLC now owns 7,433 shares of the exchange traded fund’s stock worth $1,563,000 after acquiring an additional 46 shares in the last quarter. Finally, Sax Wealth Advisors LLC raised its stake in iShares Russell 1000 Value ETF by 0.5% during the fourth quarter. Sax Wealth Advisors LLC now owns 9,571 shares of the exchange traded fund’s stock worth $2,013,000 after acquiring an additional 49 shares in the last quarter. Institutional investors and hedge funds own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Stock Performance

Shares of NYSEARCA IWD opened at $246.37 on Wednesday. The stock has a market cap of $81.29 billion, a PE ratio of 18.83 and a beta of 0.84. The business has a fifty day moving average of $239.79 and a two-hundred day moving average of $226.84. iShares Russell 1000 Value ETF has a 52-week low of $191.64 and a 52-week high of $249.26.

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.