Miracle Mile Advisors LLC Increases Stock Position in iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Miracle Mile Advisors LLC boosted its stake in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 113.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,326 shares of the exchange traded fund’s stock after acquiring an additional 6,546 shares during the period. Miracle Mile Advisors LLC’s holdings in iShares Russell 1000 Value ETF were worth $2,319,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Eagle Rock Investment Company LLC purchased a new stake in shares of iShares Russell 1000 Value ETF in the first quarter valued at about $233,000. Snider Financial Group raised its holdings in shares of iShares Russell 1000 Value ETF by 9.0% in the first quarter. Snider Financial Group now owns 6,495 shares of the exchange traded fund’s stock valued at $1,222,000 after buying an additional 539 shares during the last quarter. McNamara Financial Services Inc. raised its holdings in shares of iShares Russell 1000 Value ETF by 10.4% in the first quarter. McNamara Financial Services Inc. now owns 2,368 shares of the exchange traded fund’s stock valued at $446,000 after buying an additional 224 shares during the last quarter. Harbor Group Inc. purchased a new stake in shares of iShares Russell 1000 Value ETF in the first quarter valued at about $210,000. Finally, Armstrong Fleming & Moore Inc purchased a new stake in shares of iShares Russell 1000 Value ETF in the first quarter valued at about $365,000.

iShares Russell 1000 Value ETF Stock Performance

Shares of NYSEARCA:IWD opened at $190.76 on Monday. The company has a 50-day simple moving average of $182.68 and a 200-day simple moving average of $188.04. iShares Russell 1000 Value ETF has a one year low of $163.19 and a one year high of $200.42. The stock has a market capitalization of $61.25 billion, a price-to-earnings ratio of 19.08 and a beta of 0.90.

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).