Gilliland Jeter Wealth Management LLC Buys 174 Shares of iShares Russell 1000 Value ETF $IWD

Gilliland Jeter Wealth Management LLC increased its stake in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 1.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 13,432 shares of the exchange traded fund’s stock after acquiring an additional 174 shares during the quarter. Gilliland Jeter Wealth Management LLC’s holdings in iShares Russell 1000 Value ETF were worth $2,609,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Truvestments Capital LLC purchased a new position in iShares Russell 1000 Value ETF in the first quarter worth $25,000. GKV Capital Management Co. Inc. purchased a new position in iShares Russell 1000 Value ETF in the first quarter worth $27,000. RMG Wealth Management LLC purchased a new position in iShares Russell 1000 Value ETF in the second quarter worth $33,000. Creative Capital Management Investments LLC purchased a new position in iShares Russell 1000 Value ETF in the first quarter worth $38,000. Finally, Valley Wealth Managers Inc. boosted 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 purchasing an additional 92 shares during the last quarter. Hedge funds and other institutional investors own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Trading Down 0.6%

IWD stock opened at $203.70 on Friday. The stock’s fifty day simple moving average is $200.75 and its two-hundred day simple moving average is $192.30. iShares Russell 1000 Value ETF has a 1-year low of $163.19 and a 1-year high of $206.01. The stock has a market cap of $64.37 billion, a P/E ratio of 18.83 and a beta of 0.95.

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).