iShares Russell 1000 Value ETF $IWD Stock Position Lowered by M&T Bank Corp

M&T Bank Corp lessened its stake in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 4.5% in the third quarter, HoldingsChannel reports. The fund owned 3,752,351 shares of the exchange traded fund’s stock after selling 178,678 shares during the period. iShares Russell 1000 Value ETF makes up about 2.6% of M&T Bank Corp’s portfolio, making the stock its 7th biggest position. M&T Bank Corp’s holdings in iShares Russell 1000 Value ETF were worth $763,941,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Clayton Financial Group LLC bought a new stake in iShares Russell 1000 Value ETF in the third quarter valued at approximately $27,000. Clarity Asset Management Inc. bought a new position in shares of iShares Russell 1000 Value ETF in the second quarter worth approximately $35,000. Davis Capital Management bought a new position in shares of iShares Russell 1000 Value ETF in the third quarter worth approximately $38,000. Aberdeen Wealth Management LLC purchased a new position in shares of iShares Russell 1000 Value ETF in the second quarter worth $39,000. Finally, Federated Hermes Inc. purchased a new position in shares of iShares Russell 1000 Value ETF in the third quarter worth $41,000. 84.93% of the stock is currently owned by hedge funds and other institutional investors.

iShares Russell 1000 Value ETF Stock Up 0.0%

NYSEARCA:IWD opened at $214.74 on Friday. The firm has a market capitalization of $66.90 billion, a P/E ratio of 18.83 and a beta of 0.89. The company has a fifty day moving average of $220.58 and a 200 day moving average of $210.73. iShares Russell 1000 Value ETF has a 52 week low of $163.19 and a 52 week high of $226.39.

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). The Index represents approximately 50% of the total market capitalization of the Russell 1000 Index. The Index measures the large-capital value sector of the United States equity market.