Bridges Investment Management Inc. Lowers Holdings in iShares Russell 1000 Value ETF $IWD

Bridges Investment Management Inc. reduced its stake in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 27.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 273,076 shares of the exchange traded fund’s stock after selling 103,996 shares during the quarter. Bridges Investment Management Inc. owned 0.09% of iShares Russell 1000 Value ETF worth $55,595,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of IWD. Clayton Financial Group LLC acquired a new stake in iShares Russell 1000 Value ETF during the third quarter valued at $27,000. Advantage Trust Co purchased a new stake in shares of iShares Russell 1000 Value ETF during the 2nd quarter worth about $29,000. RMG Wealth Management LLC acquired a new stake in shares of iShares Russell 1000 Value ETF during the 2nd quarter valued at about $33,000. Access Investment Management LLC acquired a new stake in shares of iShares Russell 1000 Value ETF during the 2nd quarter valued at about $35,000. Finally, Clarity Asset Management Inc. purchased a new position in shares of iShares Russell 1000 Value ETF in the 2nd quarter valued at about $35,000. Hedge funds and other institutional investors own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Trading Down 0.2%

Shares of IWD stock opened at $219.86 on Monday. iShares Russell 1000 Value ETF has a 12-month low of $163.19 and a 12-month high of $221.43. The business’s 50 day moving average is $213.36 and its two-hundred day moving average is $205.64. The company has a market capitalization of $68.86 billion, a P/E ratio of 18.83 and a beta of 0.89.

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.