104,438 Shares of iShares Russell 1000 Value ETF $IWD Purchased by Investment Partners LTD.

Investment Partners LTD. purchased a new position in iShares Russell 1000 Value ETF (NYSEARCA:IWD) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 104,438 shares of the exchange traded fund’s stock, valued at approximately $25,893,000. iShares Russell 1000 Value ETF makes up 4.0% of Investment Partners LTD.’s portfolio, making the stock its 3rd largest position.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in IWD. Baird Financial Group Inc. boosted its stake in shares of iShares Russell 1000 Value ETF by 2.7% during the 2nd quarter. Baird Financial Group Inc. now owns 6,192,377 shares of the exchange traded fund’s stock worth $1,501,218,000 after purchasing an additional 165,599 shares during the period. Stairway Partners LLC bought a new position in iShares Russell 1000 Value ETF during the 3rd quarter valued at about $326,735,000. Fifth Third Bancorp raised 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 during the period. Oakworth Capital Inc. bought a new stake in iShares Russell 1000 Value ETF in the third quarter worth about $217,500,000. Finally, Bank of New York Mellon Corp lifted its stake in iShares Russell 1000 Value ETF by 5.3% in the first quarter. Bank of New York Mellon Corp now owns 903,575 shares of the exchange traded fund’s stock worth $193,067,000 after purchasing an additional 45,283 shares during the last quarter. 84.93% of the stock is currently owned by hedge funds and other institutional investors.

iShares Russell 1000 Value ETF Stock Down 0.8%

IWD opened at $258.65 on Friday. The business has a fifty day moving average of $254.79 and a 200 day moving average of $238.12. The stock has a market cap of $82.95 billion, a P/E ratio of 18.83 and a beta of 0.84. iShares Russell 1000 Value ETF has a 52-week low of $199.79 and a 52-week high of $260.82.

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.