Summit Wealth Group LLC Co. Purchases Shares of 19,534 iShares Russell 1000 Value ETF $IWD

Summit Wealth Group LLC Co. purchased a new stake in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 19,534 shares of the exchange traded fund’s stock, valued at approximately $4,109,000. iShares Russell 1000 Value ETF comprises 0.5% of Summit Wealth Group LLC Co.’s portfolio, making the stock its 28th largest position.

Several other institutional investors and hedge funds have also recently made changes to their positions in IWD. Reyes Financial Architecture Inc. purchased a new position in shares of iShares Russell 1000 Value ETF in the fourth quarter worth $25,000. Holos Integrated Wealth LLC purchased a new position in shares of iShares Russell 1000 Value ETF in the fourth quarter worth $31,000. Grand Wealth Management LLC purchased a new position in shares of iShares Russell 1000 Value ETF in the fourth quarter worth $31,000. Eagle Bay Advisors LLC purchased a new position in shares of iShares Russell 1000 Value ETF in the fourth quarter worth $36,000. Finally, Key Capital Management INC purchased a new position in shares of iShares Russell 1000 Value ETF in the fourth quarter worth $40,000. Institutional investors own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Stock Down 0.2%

Shares of NYSEARCA IWD opened at $234.21 on Wednesday. iShares Russell 1000 Value ETF has a 52 week low of $184.69 and a 52 week high of $235.11. The firm’s fifty day moving average is $221.46 and its 200 day moving average is $216.30. The company has a market cap of $75.23 billion, a price-to-earnings ratio of 18.83 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.