Magnus Financial Group LLC Has $3.53 Million Stock Position in iShares Russell 1000 Value ETF $IWD

Magnus Financial Group LLC cut its stake in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 20.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,338 shares of the exchange traded fund’s stock after selling 4,382 shares during the period. Magnus Financial Group LLC’s holdings in iShares Russell 1000 Value ETF were worth $3,530,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Clayton Financial Group LLC bought a new stake in shares of iShares Russell 1000 Value ETF during the 3rd quarter worth approximately $27,000. Advantage Trust Co bought a new stake in iShares Russell 1000 Value ETF during the second quarter worth $29,000. RMG Wealth Management LLC acquired a new stake in iShares Russell 1000 Value ETF in the second quarter valued at $33,000. Access Investment Management LLC acquired a new stake in iShares Russell 1000 Value ETF in the second quarter valued at $35,000. Finally, Clarity Asset Management Inc. bought a new position in shares of iShares Russell 1000 Value ETF in the 2nd quarter valued at about $35,000. 84.93% of the stock is currently owned by institutional investors.

iShares Russell 1000 Value ETF Stock Performance

Shares of IWD stock opened at $218.32 on Thursday. iShares Russell 1000 Value ETF has a 52-week low of $163.19 and a 52-week high of $218.51. The stock has a market cap of $71.19 billion, a price-to-earnings ratio of 18.83 and a beta of 0.89. The firm’s 50-day moving average is $209.78 and its 200-day moving average is $203.64.

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.