Wakefield Asset Management LLLP Trims Stake in iShares Russell 1000 Value ETF $IWD

Wakefield Asset Management LLLP lowered its stake in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 70.4% during the second quarter, Holdings Channel.com reports. The institutional investor owned 3,489 shares of the exchange traded fund’s stock after selling 8,293 shares during the period. Wakefield Asset Management LLLP’s holdings in iShares Russell 1000 Value ETF were worth $678,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IWD. Brighton Jones LLC lifted its stake in iShares Russell 1000 Value ETF by 8.9% in the 4th quarter. Brighton Jones LLC now owns 36,663 shares of the exchange traded fund’s stock valued at $6,787,000 after buying an additional 2,981 shares in the last quarter. Bison Wealth LLC raised its holdings in iShares Russell 1000 Value ETF by 13.9% in the 4th quarter. Bison Wealth LLC now owns 4,121 shares of the exchange traded fund’s stock valued at $763,000 after acquiring an additional 502 shares during the last quarter. DAVENPORT & Co LLC raised its holdings in iShares Russell 1000 Value ETF by 62.1% in the 1st quarter. DAVENPORT & Co LLC now owns 5,082 shares of the exchange traded fund’s stock valued at $956,000 after acquiring an additional 1,946 shares during the last quarter. Wayfinding Financial LLC acquired a new position in iShares Russell 1000 Value ETF in the 1st quarter valued at $95,000. Finally, Concurrent Investment Advisors LLC raised its holdings in iShares Russell 1000 Value ETF by 39.9% in the 1st quarter. Concurrent Investment Advisors LLC now owns 13,198 shares of the exchange traded fund’s stock valued at $2,483,000 after acquiring an additional 3,766 shares during the last quarter. Hedge funds and other institutional investors own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Stock Performance

Shares of IWD opened at $204.57 on Monday. The stock has a fifty day moving average of $203.00 and a two-hundred day moving average of $195.32. The company has a market capitalization of $64.97 billion, a PE ratio of 18.83 and a beta of 0.89. iShares Russell 1000 Value ETF has a fifty-two week low of $163.19 and a fifty-two week high of $207.58.

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).