Arax Advisory Partners Acquires Shares of 103,478 iShares Russell 1000 Value ETF $IWD

Arax Advisory Partners bought a new position in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 103,478 shares of the exchange traded fund’s stock, valued at approximately $21,766,000.

A number of other large investors have also modified their holdings of IWD. Morgan Stanley raised its stake in shares of iShares Russell 1000 Value ETF by 9.0% during the 4th quarter. Morgan Stanley now owns 39,663,587 shares of the exchange traded fund’s stock worth $8,342,840,000 after buying an additional 3,280,476 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of iShares Russell 1000 Value ETF by 20.3% during the 4th quarter. Wells Fargo & Company MN now owns 5,895,769 shares of the exchange traded fund’s stock worth $1,240,116,000 after buying an additional 995,230 shares in the last quarter. OpenArc Corporate Advisory LLC purchased a new position in shares of iShares Russell 1000 Value ETF during the 4th quarter worth approximately $141,633,000. Diamond Hill Capital Management Inc. raised its stake in shares of iShares Russell 1000 Value ETF by 24,828.5% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 556,903 shares of the exchange traded fund’s stock worth $117,139,000 after buying an additional 554,669 shares in the last quarter. Finally, Confluence Investment Management LLC raised its stake in shares of iShares Russell 1000 Value ETF by 2,904.9% during the 4th quarter. Confluence Investment Management LLC now owns 568,609 shares of the exchange traded fund’s stock worth $119,601,000 after buying an additional 549,686 shares in the last quarter. 84.93% of the stock is owned by hedge funds and other institutional investors.

iShares Russell 1000 Value ETF Trading Up 1.0%

Shares of IWD stock 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 stock has a 50 day simple moving average of $231.02 and a 200-day simple moving average 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.