Flaharty Asset Management LLC Buys 8,488 Shares of iShares Russell 1000 Value ETF $IWD

Flaharty Asset Management LLC lifted its stake in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 4.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 221,900 shares of the exchange traded fund’s stock after buying an additional 8,488 shares during the period. iShares Russell 1000 Value ETF makes up 5.7% of Flaharty Asset Management LLC’s portfolio, making the stock its 3rd biggest position. Flaharty Asset Management LLC owned 0.07% of iShares Russell 1000 Value ETF worth $45,178,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the stock. JPMorgan Chase & Co. grew its position in iShares Russell 1000 Value ETF by 140.0% in the second quarter. JPMorgan Chase & Co. now owns 9,153,000 shares of the exchange traded fund’s stock valued at $1,777,787,000 after acquiring an additional 32,036,243 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of iShares Russell 1000 Value ETF by 0.9% in the second quarter. Envestnet Asset Management Inc. now owns 6,599,784 shares of the exchange traded fund’s stock valued at $1,281,871,000 after purchasing an additional 57,669 shares during the period. Baird Financial Group Inc. grew its holdings in iShares Russell 1000 Value ETF by 12.7% during the 2nd quarter. Baird Financial Group Inc. now owns 5,275,282 shares of the exchange traded fund’s stock valued at $1,024,618,000 after purchasing an additional 593,784 shares in the last quarter. Raymond James Financial Inc. grew its holdings in iShares Russell 1000 Value ETF by 1.6% during the 2nd quarter. Raymond James Financial Inc. now owns 4,978,791 shares of the exchange traded fund’s stock valued at $967,031,000 after purchasing an additional 76,936 shares in the last quarter. Finally, M&T Bank Corp increased its stake in iShares Russell 1000 Value ETF by 3.3% during the 2nd quarter. M&T Bank Corp now owns 3,931,029 shares of the exchange traded fund’s stock worth $763,524,000 after buying an additional 126,874 shares during the period. 84.93% of the stock is currently owned by hedge funds and other institutional investors.

iShares Russell 1000 Value ETF Price Performance

Shares of IWD stock opened at $219.86 on Friday. The company’s fifty day moving average price is $213.36 and its two-hundred day moving average price is $205.56. The firm has a market capitalization of $68.86 billion, a P/E ratio of 18.83 and a beta of 0.89. iShares Russell 1000 Value ETF has a 12 month low of $163.19 and a 12 month high of $221.43.

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). 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.