PKS Advisory Services LLC Invests $735,000 in iShares Russell 1000 Value ETF (NYSEARCA:IWD)

PKS Advisory Services LLC acquired a new stake in iShares Russell 1000 Value ETF (NYSEARCA:IWD) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,971 shares of the exchange traded fund’s stock, valued at approximately $735,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of iShares Russell 1000 Value ETF in the 4th quarter valued at $972,637,000. M&T Bank Corp boosted its holdings in iShares Russell 1000 Value ETF by 4.9% in the fourth quarter. M&T Bank Corp now owns 3,720,837 shares of the exchange traded fund’s stock valued at $688,838,000 after purchasing an additional 173,058 shares during the last quarter. LPL Financial LLC grew its position in iShares Russell 1000 Value ETF by 12.9% during the 4th quarter. LPL Financial LLC now owns 3,720,195 shares of the exchange traded fund’s stock worth $688,720,000 after purchasing an additional 426,218 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of iShares Russell 1000 Value ETF by 4.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,386,955 shares of the exchange traded fund’s stock valued at $627,027,000 after buying an additional 139,689 shares during the last quarter. Finally, Prudential Financial Inc. lifted its holdings in shares of iShares Russell 1000 Value ETF by 52.8% in the 4th quarter. Prudential Financial Inc. now owns 2,966,613 shares of the exchange traded fund’s stock valued at $549,209,000 after buying an additional 1,025,357 shares during the period.

iShares Russell 1000 Value ETF Trading Up 1.4 %

Shares of IWD stock opened at $189.75 on Tuesday. iShares Russell 1000 Value ETF has a twelve month low of $168.85 and a twelve month high of $200.42. The stock has a 50 day moving average of $191.44 and a 200 day moving average of $190.74. The stock has a market cap of $61.37 billion, a P/E ratio of 19.31 and a beta of 0.97.

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).