Highland Investment Advisors LLC Makes New Investment in iShares Russell 1000 Value ETF $IWD

Highland Investment Advisors LLC bought a new stake in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,253 shares of the exchange traded fund’s stock, valued at approximately $2,486,000. iShares Russell 1000 Value ETF makes up about 1.1% of Highland Investment Advisors LLC’s holdings, making the stock its 17th biggest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Timbuktu Capital Management LLC purchased a new position in iShares Russell 1000 Value ETF during the second quarter valued at approximately $25,000. IFC & Insurance Marketing Inc. purchased a new position in shares of iShares Russell 1000 Value ETF during the 4th quarter valued at $28,000. MBM Wealth Consultants LLC bought a new position in shares of iShares Russell 1000 Value ETF in the first quarter worth $29,000. C M Bidwell & Associates Ltd. bought a new position in shares of iShares Russell 1000 Value ETF in the second quarter worth $30,000. Finally, Heritage Wealth Advisors purchased a new stake in shares of iShares Russell 1000 Value ETF in the fourth quarter worth $31,000. 84.93% of the stock is currently owned by institutional investors.

iShares Russell 1000 Value ETF Stock Performance

NYSEARCA:IWD opened at $257.63 on Friday. The firm has a market capitalization of $83.70 billion, a price-to-earnings ratio of 18.83 and a beta of 0.83. iShares Russell 1000 Value ETF has a 52-week low of $199.40 and a 52-week high of $260.19. The stock has a fifty day moving average of $252.41 and a 200 day moving average of $236.42.

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.