Confluence Wealth Services Inc. Raises Stock Position in iShares Russell 1000 Value ETF $IWD

Confluence Wealth Services Inc. grew its holdings in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 3.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,928 shares of the exchange traded fund’s stock after buying an additional 1,053 shares during the quarter. Confluence Wealth Services Inc.’s holdings in iShares Russell 1000 Value ETF were worth $5,619,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in IWD. Truvestments Capital LLC purchased a new stake in iShares Russell 1000 Value ETF during the first quarter valued at approximately $25,000. GKV Capital Management Co. Inc. purchased a new stake in iShares Russell 1000 Value ETF during the 1st quarter valued at $27,000. Creative Capital Management Investments LLC purchased a new stake in iShares Russell 1000 Value ETF during the 1st quarter valued at $38,000. Valley Wealth Managers Inc. lifted its position in iShares Russell 1000 Value ETF by 78.0% in the first quarter. Valley Wealth Managers Inc. now owns 210 shares of the exchange traded fund’s stock worth $40,000 after buying an additional 92 shares during the last quarter. Finally, Milestone Investment Advisors LLC purchased a new position in iShares Russell 1000 Value ETF during the first quarter worth $41,000. Institutional investors own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Stock Up 0.4%

IWD stock opened at $204.96 on Monday. iShares Russell 1000 Value ETF has a twelve month low of $163.19 and a twelve month high of $206.01. The stock has a market capitalization of $64.73 billion, a price-to-earnings ratio of 18.83 and a beta of 0.95. The firm’s fifty day simple moving average is $200.15 and its two-hundred day simple moving average is $191.90.

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).