Sowell Financial Services LLC Sells 7,244 Shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Sowell Financial Services LLC lessened its holdings in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 18.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,604 shares of the exchange traded fund’s stock after selling 7,244 shares during the quarter. Sowell Financial Services LLC’s holdings in iShares Russell 1000 Value ETF were worth $5,947,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Bank of America Corp DE increased its stake in iShares Russell 1000 Value ETF by 9.5% during the 4th quarter. Bank of America Corp DE now owns 54,061,592 shares of the exchange traded fund’s stock valued at $10,008,423,000 after purchasing an additional 4,699,792 shares in the last quarter. FMR LLC grew its stake in shares of iShares Russell 1000 Value ETF by 4.0% in the 4th quarter. FMR LLC now owns 9,268,989 shares of the exchange traded fund’s stock worth $1,715,968,000 after acquiring an additional 354,694 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of iShares Russell 1000 Value ETF by 7.8% in the 4th quarter. JPMorgan Chase & Co. now owns 9,252,043 shares of the exchange traded fund’s stock worth $1,712,831,000 after acquiring an additional 671,710 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of iShares Russell 1000 Value ETF by 21.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 7,877,198 shares of the exchange traded fund’s stock worth $1,458,306,000 after acquiring an additional 1,400,086 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of iShares Russell 1000 Value ETF by 36.6% in the 4th quarter. Wells Fargo & Company MN now owns 6,284,015 shares of the exchange traded fund’s stock worth $1,163,360,000 after acquiring an additional 1,683,297 shares in the last quarter.

iShares Russell 1000 Value ETF Price Performance

NYSEARCA IWD opened at $189.83 on Monday. iShares Russell 1000 Value ETF has a 1 year low of $163.19 and a 1 year high of $200.42. The firm has a market cap of $60.95 billion, a price-to-earnings ratio of 19.08 and a beta of 0.90. The company has a fifty day moving average price of $184.25 and a 200-day moving average price of $187.77.

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).