iShares Russell 1000 Value ETF $IWD Stock Position Lowered by Burke & Herbert Bank & Trust Co.

Burke & Herbert Bank & Trust Co. trimmed its holdings in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 95.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 5,237 shares of the exchange traded fund’s stock after selling 107,690 shares during the period. Burke & Herbert Bank & Trust Co.’s holdings in iShares Russell 1000 Value ETF were worth $1,298,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Commonwealth Equity Services LLC acquired a new stake in iShares Russell 1000 Value ETF in the 3rd quarter valued at $374,407,000. Greenleaf Trust raised its position in iShares Russell 1000 Value ETF by 20,660.3% during the second quarter. Greenleaf Trust now owns 1,491,213 shares of the exchange traded fund’s stock worth $116,166,000 after acquiring an additional 1,484,030 shares during the period. Stairway Partners LLC acquired a new position in iShares Russell 1000 Value ETF during the third quarter worth $326,735,000. Fifth Third Bancorp raised its position in iShares Russell 1000 Value ETF by 324.3% during the first quarter. Fifth Third Bancorp now owns 1,191,768 shares of the exchange traded fund’s stock worth $254,645,000 after acquiring an additional 910,889 shares during the period. Finally, Oakworth Capital Inc. purchased a new position in iShares Russell 1000 Value ETF during the third quarter valued at $217,500,000. 84.93% of the stock is owned by institutional investors and hedge funds.

iShares Russell 1000 Value ETF Trading Down 0.4%

IWD traded down $0.93 during midday trading on Friday, hitting $257.45. 2,725,564 shares of the company traded hands, compared to its average volume of 2,644,905. The business has a 50 day simple moving average of $254.98 and a two-hundred day simple moving average of $239.16. iShares Russell 1000 Value ETF has a 52-week low of $199.79 and a 52-week high of $267.24. The company has a market capitalization of $82.83 billion, a price-to-earnings 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.