Confluence Investment Management LLC Buys New Shares in iShares Russell 1000 Value ETF $IWD

Confluence Investment Management LLC purchased a new position in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 46,185 shares of the exchange traded fund’s stock, valued at approximately $11,451,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Greenleaf Trust boosted its stake in iShares Russell 1000 Value ETF by 20,660.3% during the 2nd quarter. Greenleaf Trust now owns 1,491,213 shares of the exchange traded fund’s stock worth $116,166,000 after purchasing an additional 1,484,030 shares during the last quarter. 71 West Capital Partners purchased a new position in shares of iShares Russell 1000 Value ETF in the fourth quarter worth about $240,065,000. Wells Fargo & Company MN boosted its position in iShares Russell 1000 Value ETF by 20.3% during the fourth quarter. Wells Fargo & Company MN now owns 5,895,769 shares of the exchange traded fund’s stock worth $1,240,116,000 after acquiring an additional 995,230 shares during the last quarter. Fifth Third Bancorp boosted its position in iShares Russell 1000 Value ETF by 324.3% during the first quarter. Fifth Third Bancorp now owns 1,191,768 shares of the exchange traded fund’s stock worth $254,645,000 after acquiring an additional 910,889 shares during the last quarter. Finally, Focus Partners Wealth grew its stake in iShares Russell 1000 Value ETF by 151.8% during the 4th quarter. Focus Partners Wealth now owns 1,412,808 shares of the exchange traded fund’s stock valued at $297,152,000 after acquiring an additional 851,770 shares in the last quarter. Hedge funds and other institutional investors own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Trading Down 0.1%

IWD stock traded down $0.29 during mid-day trading on Thursday, reaching $247.64. The company’s stock had a trading volume of 1,238,973 shares, compared to its average volume of 2,694,288. The company’s 50 day moving average is $254.63 and its two-hundred day moving average is $240.38. iShares Russell 1000 Value ETF has a fifty-two week low of $199.40 and a fifty-two week high of $260.19. The stock has a market cap of $80.81 billion, a PE ratio of 18.83 and a beta of 0.83.

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.