Summit Wealth Partners LLC Purchases Shares of 2,479 iShares Russell 1000 Value ETF $IWD

Summit Wealth Partners LLC acquired a new position in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,479 shares of the exchange traded fund’s stock, valued at approximately $530,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Reyes Financial Architecture Inc. acquired a new stake in shares of iShares Russell 1000 Value ETF during the 4th quarter worth about $25,000. IFC & Insurance Marketing Inc. bought a new position in iShares Russell 1000 Value ETF during the 4th quarter valued at about $28,000. Heritage Wealth Advisors acquired a new position in iShares Russell 1000 Value ETF in the fourth quarter valued at about $31,000. Holos Integrated Wealth LLC acquired a new position in iShares Russell 1000 Value ETF in the fourth quarter valued at about $31,000. Finally, Grand Wealth Management LLC acquired a new position in iShares Russell 1000 Value ETF in the fourth quarter valued at about $31,000. 84.93% of the stock is owned by institutional investors.

iShares Russell 1000 Value ETF Trading Up 0.6%

Shares of iShares Russell 1000 Value ETF stock opened at $243.53 on Tuesday. The stock has a market capitalization of $78.22 billion, a price-to-earnings ratio of 18.83 and a beta of 0.84. The firm’s 50-day moving average price is $233.93 and its two-hundred day moving average price is $222.97. iShares Russell 1000 Value ETF has a 1-year low of $188.55 and a 1-year high of $245.51.

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). 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.