Archer Investment Management LLC Purchases Shares of 1,267 iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Archer Investment Management LLC acquired a new position in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,267 shares of the exchange traded fund’s stock, valued at approximately $235,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Concourse Financial Group Securities Inc. raised its holdings in shares of iShares Russell 1000 Value ETF by 3.0% during the third quarter. Concourse Financial Group Securities Inc. now owns 1,834 shares of the exchange traded fund’s stock valued at $348,000 after acquiring an additional 53 shares in the last quarter. Greenwood Gearhart Inc. increased its stake in iShares Russell 1000 Value ETF by 1.7% in the 3rd quarter. Greenwood Gearhart Inc. now owns 3,212 shares of the exchange traded fund’s stock worth $610,000 after buying an additional 54 shares in the last quarter. Sigma Investment Counselors Inc. grew its holdings in iShares Russell 1000 Value ETF by 0.9% during the 3rd quarter. Sigma Investment Counselors Inc. now owns 6,005 shares of the exchange traded fund’s stock valued at $1,140,000 after buying an additional 55 shares in the last quarter. Signature Wealth Management Partners LLC boosted its holdings in shares of iShares Russell 1000 Value ETF by 4.7% in the 4th quarter. Signature Wealth Management Partners LLC now owns 1,223 shares of the exchange traded fund’s stock worth $226,000 after purchasing an additional 55 shares during the period. Finally, PBMares Wealth Management LLC boosted its holdings in iShares Russell 1000 Value ETF by 2.4% during the 4th quarter. PBMares Wealth Management LLC now owns 2,378 shares of the exchange traded fund’s stock valued at $440,000 after acquiring an additional 55 shares during the period.

iShares Russell 1000 Value ETF Price Performance

Shares of iShares Russell 1000 Value ETF stock opened at $192.81 on Tuesday. The firm’s 50-day moving average is $190.97 and its two-hundred day moving average is $188.40. iShares Russell 1000 Value ETF has a 1 year low of $164.34 and a 1 year high of $200.42. The stock has a market cap of $60.40 billion, a price-to-earnings ratio of 17.81 and a beta of 0.77.

iShares Russell 1000 Value ETF Company 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).