First Merchants Corp Raises Stake in iShares Russell 1000 Value ETF $IWD

First Merchants Corp grew its holdings in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 3.1% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 23,935 shares of the exchange traded fund’s stock after buying an additional 710 shares during the period. First Merchants Corp’s holdings in iShares Russell 1000 Value ETF were worth $4,649,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of IWD. Truvestments Capital LLC acquired a new position in shares of iShares Russell 1000 Value ETF in the 1st quarter valued at $25,000. GKV Capital Management Co. Inc. acquired a new position in shares of iShares Russell 1000 Value ETF in the 1st quarter valued at $27,000. RMG Wealth Management LLC acquired a new position in shares of iShares Russell 1000 Value ETF in the 2nd quarter valued at $33,000. Creative Capital Management Investments LLC acquired a new position in shares of iShares Russell 1000 Value ETF in the 1st quarter valued at $38,000. Finally, Valley Wealth Managers Inc. lifted its stake in shares of iShares Russell 1000 Value ETF by 78.0% in the 1st quarter. Valley Wealth Managers Inc. now owns 210 shares of the exchange traded fund’s stock valued at $40,000 after purchasing an additional 92 shares during the last quarter. Institutional investors and hedge funds own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Trading Up 0.2%

IWD opened at $204.95 on Thursday. The stock’s 50-day moving average price is $200.58 and its 200 day moving average price is $192.20. iShares Russell 1000 Value ETF has a 12-month low of $163.19 and a 12-month high of $206.01. The firm has a market cap of $64.72 billion, a price-to-earnings ratio of 18.83 and a beta of 0.95.

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).