Brandywine Global Investment Management LLC Reduces Position in iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Brandywine Global Investment Management LLC decreased its position in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 29.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 236,914 shares of the exchange traded fund’s stock after selling 98,889 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.08% of iShares Russell 1000 Value ETF worth $43,860,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of iShares Russell 1000 Value ETF during the fourth quarter worth $972,637,000. Prudential Financial Inc. grew its position in iShares Russell 1000 Value ETF by 52.8% during the 4th quarter. Prudential Financial Inc. now owns 2,966,613 shares of the exchange traded fund’s stock worth $549,209,000 after purchasing an additional 1,025,357 shares during the period. JPMorgan Chase & Co. raised its stake in shares of iShares Russell 1000 Value ETF by 7.8% during the 4th quarter. JPMorgan Chase & Co. now owns 9,252,043 shares of the exchange traded fund’s stock valued at $1,712,831,000 after buying an additional 671,710 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of iShares Russell 1000 Value ETF by 12.9% in the 4th quarter. LPL Financial LLC now owns 3,720,195 shares of the exchange traded fund’s stock valued at $688,720,000 after buying an additional 426,218 shares during the period. Finally, Strategic Financial Concepts LLC boosted its stake in shares of iShares Russell 1000 Value ETF by 18,440.5% in the fourth quarter. Strategic Financial Concepts LLC now owns 420,683 shares of the exchange traded fund’s stock worth $77,881,000 after buying an additional 418,414 shares during the last quarter.

iShares Russell 1000 Value ETF Stock Down 1.4 %

iShares Russell 1000 Value ETF stock opened at $186.27 on Friday. The business’s 50-day moving average price is $191.37 and its 200 day moving average price is $190.82. The firm has a market cap of $60.25 billion, a price-to-earnings ratio of 19.31 and a beta of 0.97. iShares Russell 1000 Value ETF has a 52 week low of $168.85 and a 52 week high of $200.42.

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).