Flaharty Asset Management LLC Decreases Holdings in iShares Russell 1000 Value ETF $IWD

Flaharty Asset Management LLC decreased its holdings in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 92.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,052 shares of the exchange traded fund’s stock after selling 115,432 shares during the period. iShares Russell 1000 Value ETF accounts for approximately 3.2% of Flaharty Asset Management LLC’s holdings, making the stock its 12th biggest holding. Flaharty Asset Management LLC’s holdings in iShares Russell 1000 Value ETF were worth $2,234,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Reyes Financial Architecture Inc. bought a new position in shares of iShares Russell 1000 Value ETF during the 4th quarter valued at approximately $25,000. IFC & Insurance Marketing Inc. purchased a new stake in iShares Russell 1000 Value ETF during the 4th quarter valued at $28,000. MBM Wealth Consultants LLC bought a new stake in iShares Russell 1000 Value ETF in the first quarter worth $29,000. Grand Wealth Management LLC bought a new stake in iShares Russell 1000 Value ETF in the fourth quarter worth $31,000. Finally, Heritage Wealth Advisors purchased a new position in iShares Russell 1000 Value ETF during the fourth quarter worth $31,000. 84.93% of the stock is currently owned by hedge funds and other institutional investors.

iShares Russell 1000 Value ETF Stock Up 0.6%

IWD stock opened at $257.56 on Friday. iShares Russell 1000 Value ETF has a twelve month low of $194.80 and a twelve month high of $257.83. The stock has a market capitalization of $83.68 billion, a price-to-earnings ratio of 18.83 and a beta of 0.83. The firm’s fifty day simple moving average is $245.52 and its two-hundred day simple moving average is $231.29.

iShares Russell 1000 Value ETF 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.