Steph & Co. Acquires 13,285 Shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Steph & Co. grew its stake in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 148.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,252 shares of the exchange traded fund’s stock after buying an additional 13,285 shares during the period. iShares Russell 1000 Value ETF accounts for about 1.8% of Steph & Co.’s investment portfolio, making the stock its 17th largest position. Steph & Co.’s holdings in iShares Russell 1000 Value ETF were worth $3,677,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of IWD. Magnolia Wealth Management LLC bought a new position in shares of iShares Russell 1000 Value ETF during the 1st quarter valued at about $214,000. Sei Investments Co. lifted its position in shares of iShares Russell 1000 Value ETF by 123.6% in the first quarter. Sei Investments Co. now owns 181,320 shares of the exchange traded fund’s stock worth $30,141,000 after buying an additional 100,236 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in iShares Russell 1000 Value ETF by 284.4% during the first quarter. Allianz Asset Management GmbH now owns 184,280 shares of the exchange traded fund’s stock valued at $30,587,000 after buying an additional 136,345 shares during the last quarter. Loomis Sayles & Co. L P grew its holdings in iShares Russell 1000 Value ETF by 1.0% during the 1st quarter. Loomis Sayles & Co. L P now owns 43,099 shares of the exchange traded fund’s stock valued at $7,154,000 after buying an additional 447 shares in the last quarter. Finally, First Trust Advisors LP bought a new stake in iShares Russell 1000 Value ETF in the 1st quarter worth approximately $2,529,000.

iShares Russell 1000 Value ETF Stock Performance

Shares of IWD traded down $0.30 during mid-day trading on Wednesday, hitting $169.40. 1,641,497 shares of the stock were exchanged, compared to its average volume of 2,177,846. The firm has a 50-day moving average of $172.95 and a two-hundred day moving average of $163.02. iShares Russell 1000 Value ETF has a 52-week low of $143.34 and a 52-week high of $179.56. The company has a market cap of $53.08 billion, a PE ratio of 17.74 and a beta of 0.80.

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).