Meramec Financial Planners LLC Purchases 3,590 Shares of iShares Russell 1000 Value ETF $IWD

Meramec Financial Planners LLC boosted its holdings in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 6.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 60,475 shares of the exchange traded fund’s stock after buying an additional 3,590 shares during the quarter. iShares Russell 1000 Value ETF makes up about 5.6% of Meramec Financial Planners LLC’s holdings, making the stock its 2nd largest position. Meramec Financial Planners LLC’s holdings in iShares Russell 1000 Value ETF were worth $13,745,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Morgan Stanley grew its position in shares of iShares Russell 1000 Value ETF by 9.0% in the 4th quarter. Morgan Stanley now owns 39,663,587 shares of the exchange traded fund’s stock valued at $8,342,840,000 after buying an additional 3,280,476 shares during the last quarter. Bank of America Corp DE boosted its position in shares of iShares Russell 1000 Value ETF by 5.4% in the 4th quarter. Bank of America Corp DE now owns 52,256,616 shares of the exchange traded fund’s stock valued at $10,991,657,000 after purchasing an additional 2,686,078 shares during the period. 71 West Capital Partners acquired a new position in iShares Russell 1000 Value ETF during the fourth quarter worth approximately $240,065,000. Wells Fargo & Company MN boosted its holdings in shares of iShares Russell 1000 Value ETF by 20.3% in the fourth quarter. Wells Fargo & Company MN now owns 5,895,769 shares of the exchange traded fund’s stock valued at $1,240,116,000 after acquiring an additional 995,230 shares during the period. Finally, Focus Partners Wealth grew its position in shares of iShares Russell 1000 Value ETF by 151.8% during the fourth quarter. Focus Partners Wealth now owns 1,412,808 shares of the exchange traded fund’s stock worth $297,152,000 after acquiring an additional 851,770 shares during the last quarter. 84.93% of the stock is owned by institutional investors and hedge funds.

iShares Russell 1000 Value ETF Price Performance

Shares of NYSEARCA:IWD opened at $246.81 on Friday. iShares Russell 1000 Value ETF has a 1-year low of $191.64 and a 1-year high of $246.94. The stock has a market cap of $80.89 billion, a P/E ratio of 18.83 and a beta of 0.84. The firm has a fifty day moving average price of $237.24 and a 200 day moving average price of $224.95.

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.