Merit Financial Group LLC Has $3.37 Million Stock Holdings in iShares Russell 1000 Value ETF $IWD

Merit Financial Group LLC lessened its holdings in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 13.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 17,342 shares of the exchange traded fund’s stock after selling 2,784 shares during the period. Merit Financial Group LLC’s holdings in iShares Russell 1000 Value ETF were worth $3,368,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of IWD. Pacific Life Fund Advisors LLC bought a new position in shares of iShares Russell 1000 Value ETF during the first quarter worth $232,664,000. JP Wealth Management Inc. boosted its position in shares of iShares Russell 1000 Value ETF by 18,716.0% during the first quarter. JP Wealth Management Inc. now owns 981,443 shares of the exchange traded fund’s stock worth $184,668,000 after purchasing an additional 976,227 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of iShares Russell 1000 Value ETF by 2.4% during the first quarter. Goldman Sachs Group Inc. now owns 15,629,692 shares of the exchange traded fund’s stock worth $2,940,883,000 after purchasing an additional 363,429 shares in the last quarter. American Century Companies Inc. boosted its position in shares of iShares Russell 1000 Value ETF by 62.3% during the first quarter. American Century Companies Inc. now owns 935,164 shares of the exchange traded fund’s stock worth $175,960,000 after purchasing an additional 358,906 shares in the last quarter. Finally, Nuveen LLC bought a new stake in iShares Russell 1000 Value ETF in the 1st quarter valued at $58,271,000. Institutional investors and hedge funds own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Trading Down 0.3%

IWD opened at $204.54 on Wednesday. The stock has a market capitalization of $64.59 billion, a P/E ratio of 18.83 and a beta of 0.95. iShares Russell 1000 Value ETF has a 12 month low of $163.19 and a 12 month high of $206.01. The firm’s fifty day simple moving average is $200.42 and its 200 day simple moving average is $192.12.

iShares Russell 1000 Value ETF 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).