iShares Russell 1000 Value ETF $IWD Shares Purchased by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC boosted its holdings in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 371.1% during the first quarter, HoldingsChannel.com reports. The fund owned 29,984 shares of the exchange traded fund’s stock after acquiring an additional 23,619 shares during the period. Elevation Point Wealth Partners LLC’s holdings in iShares Russell 1000 Value ETF were worth $6,407,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Morgan Stanley increased its position in iShares Russell 1000 Value ETF by 9.0% in the 4th quarter. Morgan Stanley now owns 39,663,587 shares of the exchange traded fund’s stock valued at $8,342,840,000 after acquiring an additional 3,280,476 shares during the period. Bank of America Corp DE boosted its position in iShares Russell 1000 Value ETF by 5.4% during the 4th quarter. Bank of America Corp DE now owns 52,256,616 shares of the exchange traded fund’s stock worth $10,991,657,000 after acquiring an additional 2,686,078 shares during the period. 71 West Capital Partners bought a new position in shares of iShares Russell 1000 Value ETF in the fourth quarter worth $240,065,000. Wells Fargo & Company MN grew its stake in shares of iShares Russell 1000 Value ETF by 20.3% in the fourth quarter. Wells Fargo & Company MN now owns 5,895,769 shares of the exchange traded fund’s stock worth $1,240,116,000 after purchasing an additional 995,230 shares in the last quarter. Finally, Focus Partners Wealth increased its holdings in shares of iShares Russell 1000 Value ETF by 151.8% during the fourth quarter. Focus Partners Wealth now owns 1,412,808 shares of the exchange traded fund’s stock valued at $297,152,000 after purchasing an additional 851,770 shares during the period. 84.93% of the stock is currently owned by institutional investors and hedge funds.

iShares Russell 1000 Value ETF Price Performance

Shares of NYSEARCA IWD opened at $246.81 on Friday. iShares Russell 1000 Value ETF has a fifty-two week low of $191.64 and a fifty-two week high of $246.94. The firm’s 50-day simple moving average is $237.24 and its 200 day simple moving average is $224.95. The stock has a market cap of $80.89 billion, a P/E ratio of 18.83 and a beta of 0.84.

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.