Verdence Capital Advisors LLC Reduces Holdings in iShares Russell 1000 Value ETF $IWD

Verdence Capital Advisors LLC lessened its position in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 4.4% during the second quarter, Holdings Channel reports. The institutional investor owned 14,244 shares of the exchange traded fund’s stock after selling 663 shares during the quarter. Verdence Capital Advisors LLC’s holdings in iShares Russell 1000 Value ETF were worth $2,767,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in IWD. Pacific Life Fund Advisors LLC purchased a new position in shares of iShares Russell 1000 Value ETF during the 1st quarter valued at $232,664,000. JP Wealth Management Inc. lifted its position in shares of iShares Russell 1000 Value ETF by 18,716.0% during the 1st quarter. JP Wealth Management Inc. now owns 981,443 shares of the exchange traded fund’s stock valued at $184,668,000 after buying an additional 976,227 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in iShares Russell 1000 Value ETF by 2.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,629,692 shares of the exchange traded fund’s stock worth $2,940,883,000 after purchasing an additional 363,429 shares in the last quarter. American Century Companies Inc. lifted its holdings in iShares Russell 1000 Value ETF by 62.3% during the 1st quarter. American Century Companies Inc. now owns 935,164 shares of the exchange traded fund’s stock worth $175,960,000 after purchasing an additional 358,906 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in iShares Russell 1000 Value ETF during the 1st quarter worth about $58,271,000. Hedge funds and other institutional investors own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Stock Performance

Shares of IWD opened at $199.44 on Monday. The stock’s 50-day simple moving average is $200.88 and its 200 day simple moving average is $192.42. The stock has a market capitalization of $62.99 billion, a price-to-earnings ratio of 18.83 and a beta of 0.95. iShares Russell 1000 Value ETF has a 52-week low of $163.19 and a 52-week high of $206.01.

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).