7,982 iShares Russell 1000 Value ETF $IWD Shares Sold by Summit Wealth Group LLC Co.

Summit Wealth Group LLC Co. trimmed its stake in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 10.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 71,937 shares of the exchange traded fund’s stock after selling 7,982 shares during the period. iShares Russell 1000 Value ETF accounts for approximately 1.1% of Summit Wealth Group LLC Co.’s portfolio, making the stock its 15th biggest position. Summit Wealth Group LLC Co.’s holdings in iShares Russell 1000 Value ETF were worth $17,835,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brookstone Capital Management purchased a new stake in shares of iShares Russell 1000 Value ETF in the 3rd quarter valued at about $3,556,000. Capital Investment Advisors LLC acquired a new stake in shares of iShares Russell 1000 Value ETF in the 3rd quarter valued at about $6,532,000. Evanson Financial LLC acquired a new stake in shares of iShares Russell 1000 Value ETF in the 2nd quarter valued at about $3,582,000. Barrett & Company Inc. purchased a new position in iShares Russell 1000 Value ETF during the 3rd quarter worth approximately $2,013,000. Finally, Stairway Partners LLC purchased a new position in iShares Russell 1000 Value ETF during the 3rd quarter worth approximately $326,735,000. 84.93% of the stock is currently owned by institutional investors and hedge funds.

iShares Russell 1000 Value ETF Stock Up 0.3%

NYSEARCA:IWD opened at $259.36 on Tuesday. The company has a market capitalization of $83.18 billion, a PE ratio of 18.83 and a beta of 0.84. iShares Russell 1000 Value ETF has a 52-week low of $199.79 and a 52-week high of $261.14. The stock’s 50 day moving average price is $254.83 and its 200 day moving average price is $238.33.

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.