Bank of America Corp DE Trims Holdings in iShares Russell 1000 Value ETF $IWD

Bank of America Corp DE lowered its holdings in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 0.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 49,570,538 shares of the exchange traded fund’s stock after selling 246,285 shares during the quarter. iShares Russell 1000 Value ETF makes up about 0.7% of Bank of America Corp DE’s investment portfolio, making the stock its 18th largest holding. Bank of America Corp DE owned approximately 0.16% of iShares Russell 1000 Value ETF worth $10,092,066,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in IWD. JPMorgan Chase & Co. raised its holdings in shares of iShares Russell 1000 Value ETF by 140.0% during the second quarter. JPMorgan Chase & Co. now owns 9,153,000 shares of the exchange traded fund’s stock valued at $1,777,787,000 after acquiring an additional 32,036,243 shares in the last quarter. Baird Financial Group Inc. boosted its holdings in iShares Russell 1000 Value ETF by 12.7% in the second quarter. Baird Financial Group Inc. now owns 5,275,282 shares of the exchange traded fund’s stock valued at $1,024,618,000 after acquiring an additional 593,784 shares in the last quarter. Thrivent Financial for Lutherans increased its position in iShares Russell 1000 Value ETF by 615.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 291,173 shares of the exchange traded fund’s stock valued at $59,280,000 after purchasing an additional 250,498 shares during the period. Franklin Resources Inc. raised its holdings in iShares Russell 1000 Value ETF by 50.5% in the 3rd quarter. Franklin Resources Inc. now owns 566,887 shares of the exchange traded fund’s stock worth $115,413,000 after purchasing an additional 190,293 shares in the last quarter. Finally, MJP Associates Inc. ADV bought a new position in iShares Russell 1000 Value ETF in the 2nd quarter worth $35,330,000. 84.93% of the stock is currently owned by institutional investors.

iShares Russell 1000 Value ETF Trading Up 0.0%

Shares of IWD opened at $214.74 on Friday. The firm’s 50-day moving average price is $220.58 and its 200-day moving average price is $210.80. The firm has a market capitalization of $66.90 billion, a price-to-earnings ratio of 18.83 and a beta of 0.89. iShares Russell 1000 Value ETF has a 1-year low of $163.19 and a 1-year 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.