NewEdge Wealth LLC Sells 58,036 Shares of iShares Russell 1000 Value ETF $IWD

NewEdge Wealth LLC decreased its holdings in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 65.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,260 shares of the exchange traded fund’s stock after selling 58,036 shares during the period. NewEdge Wealth LLC’s holdings in iShares Russell 1000 Value ETF were worth $6,466,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Reyes Financial Architecture Inc. bought a new position in iShares Russell 1000 Value ETF in the 4th quarter worth about $25,000. IFC & Insurance Marketing Inc. bought a new stake in shares of iShares Russell 1000 Value ETF during the fourth quarter valued at approximately $28,000. MBM Wealth Consultants LLC bought a new stake in shares of iShares Russell 1000 Value ETF during the first quarter valued at approximately $29,000. Grand Wealth Management LLC purchased a new stake in shares of iShares Russell 1000 Value ETF in the fourth quarter valued at approximately $31,000. Finally, Heritage Wealth Advisors purchased a new stake in shares of iShares Russell 1000 Value ETF in the fourth quarter valued at approximately $31,000. 84.93% of the stock is currently owned by institutional investors.

iShares Russell 1000 Value ETF Stock Down 0.5%

Shares of NYSEARCA:IWD opened at $246.18 on Friday. The business’s 50 day moving average is $241.66 and its 200 day moving average is $228.61. The stock has a market cap of $80.54 billion, a P/E ratio of 18.83 and a beta of 0.84. iShares Russell 1000 Value ETF has a 52-week low of $191.64 and a 52-week high of $250.50.

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). 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.