McNamara Financial Services Inc. Raises Holdings in iShares Russell 1000 Value ETF (NYSEARCA:IWD)

McNamara Financial Services Inc. lifted its holdings in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 10.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,368 shares of the exchange traded fund’s stock after purchasing an additional 224 shares during the period. McNamara Financial Services Inc.’s holdings in iShares Russell 1000 Value ETF were worth $446,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of IWD. Raymond James Financial Inc. acquired a new stake in iShares Russell 1000 Value ETF during the fourth quarter worth approximately $972,637,000. Bank of America Corp DE boosted its position in iShares Russell 1000 Value ETF by 9.5% during the fourth quarter. Bank of America Corp DE now owns 54,061,592 shares of the exchange traded fund’s stock worth $10,008,423,000 after acquiring an additional 4,699,792 shares during the last quarter. GAMMA Investing LLC boosted its position in iShares Russell 1000 Value ETF by 19,297.5% during the first quarter. GAMMA Investing LLC now owns 2,586,071 shares of the exchange traded fund’s stock worth $486,595,000 after acquiring an additional 2,572,739 shares during the last quarter. Wells Fargo & Company MN boosted its position in iShares Russell 1000 Value ETF by 36.6% during the fourth quarter. Wells Fargo & Company MN now owns 6,284,015 shares of the exchange traded fund’s stock worth $1,163,360,000 after acquiring an additional 1,683,297 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in iShares Russell 1000 Value ETF by 21.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 7,877,198 shares of the exchange traded fund’s stock worth $1,458,306,000 after acquiring an additional 1,400,086 shares during the last quarter.

iShares Russell 1000 Value ETF Stock Down 0.2%

Shares of IWD opened at $188.91 on Friday. The firm has a market cap of $60.66 billion, a PE ratio of 19.08 and a beta of 0.90. The company’s fifty day moving average is $182.62 and its two-hundred day moving average is $188.16. iShares Russell 1000 Value ETF has a fifty-two week low of $163.19 and a fifty-two week high of $200.42.

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).