Seven Mile Advisory Has $1.50 Million Stock Position in iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Seven Mile Advisory boosted its stake in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 0.8% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 7,976 shares of the exchange traded fund’s stock after buying an additional 65 shares during the period. iShares Russell 1000 Value ETF makes up approximately 1.0% of Seven Mile Advisory’s holdings, making the stock its 17th biggest holding. Seven Mile Advisory’s holdings in iShares Russell 1000 Value ETF were worth $1,501,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. GKV Capital Management Co. Inc. acquired a new stake in iShares Russell 1000 Value ETF during the 1st quarter worth approximately $27,000. Ameriflex Group Inc. acquired a new stake in iShares Russell 1000 Value ETF during the 4th quarter worth approximately $29,000. Transce3nd LLC bought a new position in shares of iShares Russell 1000 Value ETF during the 4th quarter worth approximately $31,000. Whipplewood Advisors LLC bought a new position in shares of iShares Russell 1000 Value ETF during the 1st quarter worth approximately $33,000. Finally, Dakota Community Bank & Trust NA bought a new position in shares of iShares Russell 1000 Value ETF during the 1st quarter worth approximately $36,000. 84.93% of the stock is currently owned by institutional investors and hedge funds.

iShares Russell 1000 Value ETF Stock Down 0.2%

Shares of IWD opened at $198.29 on Friday. The stock has a market capitalization of $62.58 billion, a P/E ratio of 18.83 and a beta of 0.95. iShares Russell 1000 Value ETF has a twelve month low of $163.19 and a twelve month high of $200.42. The company has a 50 day moving average of $194.76 and a 200-day moving average of $189.38.

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).