PNC Financial Services Group Inc. Has $748.30 Million Holdings in iShares Russell 1000 Value ETF $IWD

PNC Financial Services Group Inc. lifted its position in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 4.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 3,557,589 shares of the exchange traded fund’s stock after purchasing an additional 165,919 shares during the quarter. PNC Financial Services Group Inc.’s holdings in iShares Russell 1000 Value ETF were worth $748,303,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in IWD. Reyes Financial Architecture Inc. bought a new position in shares of iShares Russell 1000 Value ETF in the 4th quarter valued at about $25,000. Holos Integrated Wealth LLC bought a new position in shares of iShares Russell 1000 Value ETF during the 4th quarter worth approximately $31,000. Grand Wealth Management LLC acquired a new position in shares of iShares Russell 1000 Value ETF in the fourth quarter valued at $31,000. Eagle Bay Advisors LLC acquired a new position in iShares Russell 1000 Value ETF in the 4th quarter valued at about $36,000. Finally, Key Capital Management INC acquired a new position in shares of iShares Russell 1000 Value ETF in the fourth quarter valued at approximately $40,000. Institutional investors and hedge funds own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Price Performance

IWD stock opened at $231.72 on Wednesday. iShares Russell 1000 Value ETF has a fifty-two week low of $184.69 and a fifty-two week high of $236.01. The stock has a market capitalization of $74.43 billion, a price-to-earnings ratio of 18.83 and a beta of 0.84. The business’s fifty day moving average price is $222.61 and its two-hundred day moving average price is $217.26.

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.