Opes Wealth Management LLC Cuts Holdings in iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Opes Wealth Management LLC cut its stake in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 15.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,384 shares of the exchange traded fund’s stock after selling 2,921 shares during the quarter. Opes Wealth Management LLC’s holdings in iShares Russell 1000 Value ETF were worth $2,707,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Studio Investment Management LLC raised its stake in iShares Russell 1000 Value ETF by 115.0% in the fourth quarter. Studio Investment Management LLC now owns 172 shares of the exchange traded fund’s stock valued at $26,000 after buying an additional 92 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in iShares Russell 1000 Value ETF by 565.4% during the second quarter. Russell Investments Group Ltd. now owns 173 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 147 shares during the last quarter. Headinvest LLC acquired a new position in iShares Russell 1000 Value ETF in the third quarter valued at approximately $29,000. Peachtree Investment Partners LLC increased its stake in iShares Russell 1000 Value ETF by 84.8% in the third quarter. Peachtree Investment Partners LLC now owns 194 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 89 shares during the last quarter. Finally, BluePath Capital Management LLC acquired a new stake in iShares Russell 1000 Value ETF during the third quarter worth approximately $36,000.

iShares Russell 1000 Value ETF Price Performance

Shares of iShares Russell 1000 Value ETF stock traded up $0.19 during trading hours on Thursday, hitting $169.59. The company had a trading volume of 1,232,923 shares, compared to its average volume of 2,165,245. The company’s 50-day moving average is $173.01 and its two-hundred day moving average is $163.06. The company has a market cap of $53.14 billion, a P/E ratio of 17.74 and a beta of 0.80. iShares Russell 1000 Value ETF has a twelve month low of $143.34 and a twelve month high of $179.56.

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).