BTC Capital Management Inc. Sells 18,675 Shares of iShares Russell 1000 Value ETF $IWD

BTC Capital Management Inc. lessened its stake in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 16.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 95,180 shares of the exchange traded fund’s stock after selling 18,675 shares during the period. iShares Russell 1000 Value ETF makes up approximately 1.3% of BTC Capital Management Inc.’s holdings, making the stock its 19th largest position. BTC Capital Management Inc.’s holdings in iShares Russell 1000 Value ETF were worth $19,376,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of IWD. JPMorgan Chase & Co. grew its holdings in shares of iShares Russell 1000 Value ETF by 140.0% in the second quarter. JPMorgan Chase & Co. now owns 9,153,000 shares of the exchange traded fund’s stock worth $1,777,787,000 after acquiring an additional 32,036,243 shares during the period. Envestnet Asset Management Inc. lifted its holdings in iShares Russell 1000 Value ETF by 1.4% in the third quarter. Envestnet Asset Management Inc. now owns 6,693,245 shares of the exchange traded fund’s stock valued at $1,362,678,000 after acquiring an additional 93,461 shares during the period. Baird Financial Group Inc. boosted its position in iShares Russell 1000 Value ETF by 12.7% in the second quarter. Baird Financial Group Inc. now owns 5,275,282 shares of the exchange traded fund’s stock worth $1,024,618,000 after purchasing an additional 593,784 shares during the last quarter. Raymond James Financial Inc. grew its stake in shares of iShares Russell 1000 Value ETF by 1.6% during the 2nd quarter. Raymond James Financial Inc. now owns 4,978,791 shares of the exchange traded fund’s stock valued at $967,031,000 after purchasing an additional 76,936 shares during the period. Finally, M&T Bank Corp grew its stake in shares of iShares Russell 1000 Value ETF by 3.3% during the 2nd quarter. M&T Bank Corp now owns 3,931,029 shares of the exchange traded fund’s stock valued at $763,524,000 after purchasing an additional 126,874 shares during the period. 84.93% of the stock is owned by institutional investors.

iShares Russell 1000 Value ETF Stock Up 0.7%

Shares of NYSEARCA:IWD opened at $223.71 on Friday. The stock has a market capitalization of $69.70 billion, a PE ratio of 18.83 and a beta of 0.89. The firm’s 50 day moving average price is $216.25 and its 200-day moving average price is $207.31. iShares Russell 1000 Value ETF has a twelve month low of $163.19 and a twelve month high of $226.39.

iShares Russell 1000 Value ETF 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.