Hilltop Holdings Inc. Lowers Position in iShares Russell 1000 Value ETF $IWD

Hilltop Holdings Inc. cut its stake in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 89.4% during the 1st quarter, Holdings Channel.com reports. The fund owned 3,902 shares of the exchange traded fund’s stock after selling 32,758 shares during the period. Hilltop Holdings Inc.’s holdings in iShares Russell 1000 Value ETF were worth $834,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Morgan Stanley raised its holdings in shares of iShares Russell 1000 Value ETF by 9.0% in the fourth quarter. Morgan Stanley now owns 39,663,587 shares of the exchange traded fund’s stock valued at $8,342,840,000 after purchasing an additional 3,280,476 shares during the last quarter. Bank of America Corp DE lifted its position in shares of iShares Russell 1000 Value ETF by 5.4% during the fourth quarter. Bank of America Corp DE now owns 52,256,616 shares of the exchange traded fund’s stock valued at $10,991,657,000 after purchasing an additional 2,686,078 shares in the last quarter. 71 West Capital Partners purchased a new position in iShares Russell 1000 Value ETF during the fourth quarter worth about $240,065,000. Wells Fargo & Company MN boosted its holdings in iShares Russell 1000 Value ETF by 20.3% during the fourth quarter. Wells Fargo & Company MN now owns 5,895,769 shares of the exchange traded fund’s stock worth $1,240,116,000 after purchasing an additional 995,230 shares during the last quarter. Finally, Fifth Third Bancorp grew its position in iShares Russell 1000 Value ETF by 324.3% in the 1st quarter. Fifth Third Bancorp now owns 1,191,768 shares of the exchange traded fund’s stock worth $254,645,000 after purchasing an additional 910,889 shares in the last quarter. 84.93% of the stock is owned by hedge funds and other institutional investors.

iShares Russell 1000 Value ETF Stock Performance

NYSEARCA:IWD opened at $248.24 on Monday. iShares Russell 1000 Value ETF has a 52 week low of $191.64 and a 52 week high of $250.50. The firm has a 50-day moving average price of $241.98 and a two-hundred day moving average price of $228.84. The firm has a market cap of $81.11 billion, a price-to-earnings ratio of 18.83 and a beta of 0.84.

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.