Glassy Mountain Advisors Inc. Invests $60,000 in iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Glassy Mountain Advisors Inc. acquired a new position in iShares Russell 1000 Value ETF (NYSEARCA:IWD – Get Rating) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 396 shares of the exchange traded fund’s stock, valued at approximately $60,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IWD. New Millennium Group LLC bought a new position in shares of iShares Russell 1000 Value ETF during the second quarter worth $31,000. JDM Financial Group LLC bought a new position in shares of iShares Russell 1000 Value ETF during the fourth quarter worth $31,000. Chilton Capital Management LLC bought a new position in shares of iShares Russell 1000 Value ETF during the second quarter worth $35,000. Lansing Street Advisors boosted its position in shares of iShares Russell 1000 Value ETF by 49.4% during the third quarter. Lansing Street Advisors now owns 260 shares of the exchange traded fund’s stock worth $35,000 after acquiring an additional 86 shares during the last quarter. Finally, Tompkins Financial Corp bought a new position in shares of iShares Russell 1000 Value ETF during the fourth quarter worth $41,000.

iShares Russell 1000 Value ETF Stock Performance

Shares of NYSEARCA:IWD opened at $145.65 on Friday. The firm has a fifty day moving average price of $155.92 and a 200 day moving average price of $151.53. iShares Russell 1000 Value ETF has a fifty-two week low of $134.09 and a fifty-two week high of $169.69. The firm has a market cap of $49.32 billion, a price-to-earnings ratio of 13.53 and a beta of 0.96.

About iShares Russell 1000 Value ETF

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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).