Jacksonville Wealth Management LLC Takes Position in iShares Russell 1000 Value ETF $IWD

Jacksonville Wealth Management LLC acquired a new position in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,142 shares of the exchange traded fund’s stock, valued at approximately $661,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Valley Wealth Managers Inc. acquired a new stake in iShares Russell 1000 Value ETF during the fourth quarter worth about $318,000. Englebert Financial Advisers LLC acquired a new stake in shares of iShares Russell 1000 Value ETF during the 4th quarter worth approximately $238,000. Meridian Wealth Management LLC lifted its holdings in shares of iShares Russell 1000 Value ETF by 14.3% in the 4th quarter. Meridian Wealth Management LLC now owns 5,940 shares of the exchange traded fund’s stock worth $1,250,000 after purchasing an additional 742 shares during the last quarter. Washington Trust Bank boosted its position in iShares Russell 1000 Value ETF by 99.3% during the 4th quarter. Washington Trust Bank now owns 4,392 shares of the exchange traded fund’s stock valued at $924,000 after purchasing an additional 2,188 shares during the period. Finally, KLCM Advisors Inc. bought a new position in iShares Russell 1000 Value ETF during the 4th quarter worth $5,350,000. Institutional investors own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Stock Performance

IWD stock opened at $234.63 on Tuesday. iShares Russell 1000 Value ETF has a 1 year low of $184.69 and a 1 year high of $235.11. The stock has a market capitalization of $75.36 billion, a price-to-earnings ratio of 18.83 and a beta of 0.84. The stock’s fifty day moving average is $221.29 and its two-hundred day moving average is $216.09.

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.