KLCM Advisors Inc. Acquires Shares of 25,436 iShares Russell 1000 Value ETF $IWD

KLCM Advisors Inc. acquired a new stake in iShares Russell 1000 Value ETF (NYSEARCA:IWD) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 25,436 shares of the exchange traded fund’s stock, valued at approximately $5,350,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IWD. Arkadios Wealth Advisors raised its stake in shares of iShares Russell 1000 Value ETF by 25.4% in the 3rd quarter. Arkadios Wealth Advisors now owns 73,261 shares of the exchange traded fund’s stock valued at $14,915,000 after purchasing an additional 14,842 shares in the last quarter. Americana Partners LLC raised its stake in shares of iShares Russell 1000 Value ETF by 78.9% in the 3rd quarter. Americana Partners LLC now owns 170,599 shares of the exchange traded fund’s stock valued at $34,732,000 after purchasing an additional 75,256 shares in the last quarter. 1ST Source Bank raised its stake in shares of iShares Russell 1000 Value ETF by 1.3% in the 3rd quarter. 1ST Source Bank now owns 686,114 shares of the exchange traded fund’s stock valued at $139,686,000 after purchasing an additional 8,737 shares in the last quarter. Cullen Frost Bankers Inc. raised its stake in shares of iShares Russell 1000 Value ETF by 0.8% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 379,841 shares of the exchange traded fund’s stock valued at $77,332,000 after purchasing an additional 2,894 shares in the last quarter. Finally, Corundum Group Inc. raised its stake in shares of iShares Russell 1000 Value ETF by 5.6% in the 3rd quarter. Corundum Group Inc. now owns 122,726 shares of the exchange traded fund’s stock valued at $24,986,000 after purchasing an additional 6,511 shares in the last quarter. 84.93% of the stock is owned by hedge funds and other institutional investors.

iShares Russell 1000 Value ETF Stock Performance

Shares of iShares Russell 1000 Value ETF stock opened at $234.63 on Tuesday. The firm has a market cap of $75.36 billion, a PE ratio of 18.83 and a beta of 0.84. The firm’s 50-day simple moving average is $221.29 and its 200-day simple moving average is $216.09. iShares Russell 1000 Value ETF has a 1 year low of $184.69 and a 1 year high of $235.11.

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.