iShares Russell 1000 Value ETF $IWD Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC decreased its holdings in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 42.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,492 shares of the exchange traded fund’s stock after selling 7,607 shares during the quarter. Confluence Investment Management LLC’s holdings in iShares Russell 1000 Value ETF were worth $2,544,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Reyes Financial Architecture Inc. acquired a new stake in iShares Russell 1000 Value ETF during the 4th quarter worth approximately $25,000. IFC & Insurance Marketing Inc. acquired a new position in shares of iShares Russell 1000 Value ETF in the fourth quarter worth $28,000. MBM Wealth Consultants LLC acquired a new position in shares of iShares Russell 1000 Value ETF in the first quarter worth $29,000. Grand Wealth Management LLC purchased a new stake in shares of iShares Russell 1000 Value ETF during the fourth quarter worth $31,000. Finally, Heritage Wealth Advisors purchased a new stake in shares of iShares Russell 1000 Value ETF during the fourth quarter worth $31,000. Institutional investors and hedge funds own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Trading Up 0.9%

Shares of NYSEARCA IWD opened at $256.63 on Wednesday. The stock has a market cap of $83.38 billion, a P/E ratio of 18.83 and a beta of 0.83. The business’s fifty day simple moving average is $244.40 and its 200-day simple moving average is $230.58. iShares Russell 1000 Value ETF has a 12-month low of $193.80 and a 12-month high of $257.00.

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.