Meramec Financial Planners LLC Buys 4,659 Shares of iShares Russell 1000 Value ETF $IWD

Meramec Financial Planners LLC grew its stake in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 6.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 73,144 shares of the exchange traded fund’s stock after buying an additional 4,659 shares during the period. iShares Russell 1000 Value ETF accounts for 6.0% of Meramec Financial Planners LLC’s holdings, making the stock its 2nd biggest position. Meramec Financial Planners LLC’s holdings in iShares Russell 1000 Value ETF were worth $18,831,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FDx Advisors Inc. purchased a new position in shares of iShares Russell 1000 Value ETF in the third quarter worth about $14,066,000. IFG Advisory LLC lifted its holdings in shares of iShares Russell 1000 Value ETF by 5.2% during the third quarter. IFG Advisory LLC now owns 13,026 shares of the exchange traded fund’s stock worth $3,229,000 after purchasing an additional 644 shares during the period. AlTi Global Inc. lifted its holdings in shares of iShares Russell 1000 Value ETF by 3.1% during the third quarter. AlTi Global Inc. now owns 32,427 shares of the exchange traded fund’s stock worth $8,040,000 after purchasing an additional 964 shares during the period. Drive Wealth Management LLC purchased a new stake in iShares Russell 1000 Value ETF in the third quarter valued at approximately $212,000. Finally, Silver Oak Advisory Group Inc. purchased a new stake in iShares Russell 1000 Value ETF in the third quarter valued at approximately $1,240,000. Hedge funds and other institutional investors own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Price Performance

NYSEARCA:IWD traded up $0.58 during midday trading on Friday, hitting $263.31. The company’s stock had a trading volume of 2,029,648 shares, compared to its average volume of 2,631,208. iShares Russell 1000 Value ETF has a fifty-two week low of $199.79 and a fifty-two week high of $267.24. The firm’s 50 day moving average is $255.52 and its 200-day moving average is $240.26. The firm has a market cap of $84.88 billion, a P/E ratio of 21.21 and a beta of 0.84.

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.