Summa Corp. Invests $2.60 Million in iShares Russell 1000 Value ETF $IWD

Summa Corp. purchased a new position in iShares Russell 1000 Value ETF (NYSEARCA:IWD) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 13,379 shares of the exchange traded fund’s stock, valued at approximately $2,599,000. iShares Russell 1000 Value ETF accounts for approximately 1.3% of Summa Corp.’s investment portfolio, making the stock its 10th largest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its position in shares of iShares Russell 1000 Value ETF by 2.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,629,692 shares of the exchange traded fund’s stock worth $2,940,883,000 after purchasing an additional 363,429 shares during the period. Baird Financial Group Inc. increased its stake in shares of iShares Russell 1000 Value ETF by 1.8% in the 1st quarter. Baird Financial Group Inc. now owns 4,681,498 shares of the exchange traded fund’s stock valued at $880,871,000 after acquiring an additional 81,955 shares in the last quarter. Northern Trust Corp increased its stake in shares of iShares Russell 1000 Value ETF by 5.9% in the 1st quarter. Northern Trust Corp now owns 4,518,369 shares of the exchange traded fund’s stock valued at $850,176,000 after acquiring an additional 253,088 shares in the last quarter. LPL Financial LLC increased its stake in shares of iShares Russell 1000 Value ETF by 6.2% in the 1st quarter. LPL Financial LLC now owns 3,949,393 shares of the exchange traded fund’s stock valued at $743,118,000 after acquiring an additional 229,198 shares in the last quarter. Finally, M&T Bank Corp increased its stake in shares of iShares Russell 1000 Value ETF by 2.2% in the 1st quarter. M&T Bank Corp now owns 3,804,155 shares of the exchange traded fund’s stock valued at $715,790,000 after acquiring an additional 83,318 shares in the last quarter. Institutional investors and hedge funds own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Stock Down 2.1%

NYSEARCA:IWD opened at $199.44 on Friday. The company has a fifty day moving average of $200.88 and a 200-day moving average of $192.39. The firm has a market capitalization of $63.02 billion, a P/E ratio of 18.83 and a beta of 0.95. iShares Russell 1000 Value ETF has a twelve month low of $163.19 and a twelve month high of $206.01.

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).