CIBC Bancorp USA Inc. Invests $40.12 Million in iShares Russell 1000 Value ETF $IWD

CIBC Bancorp USA Inc. acquired a new stake in iShares Russell 1000 Value ETF (NYSEARCA:IWD) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 197,036 shares of the exchange traded fund’s stock, valued at approximately $40,115,000.

Several other institutional investors and hedge funds have also modified their holdings of IWD. Arkadios Wealth Advisors lifted its position in iShares Russell 1000 Value ETF by 25.4% during the third quarter. Arkadios Wealth Advisors now owns 73,261 shares of the exchange traded fund’s stock worth $14,915,000 after buying an additional 14,842 shares during the period. Americana Partners LLC grew its holdings in iShares Russell 1000 Value ETF by 78.9% in the 3rd quarter. Americana Partners LLC now owns 170,599 shares of the exchange traded fund’s stock valued at $34,732,000 after buying an additional 75,256 shares during the period. 1ST Source Bank grew its holdings in iShares Russell 1000 Value ETF by 1.3% in the 3rd quarter. 1ST Source Bank now owns 686,114 shares of the exchange traded fund’s stock valued at $139,686,000 after buying an additional 8,737 shares during the period. Cullen Frost Bankers Inc. increased its stake in shares of iShares Russell 1000 Value ETF by 0.8% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 379,841 shares of the exchange traded fund’s stock valued at $77,332,000 after acquiring an additional 2,894 shares during the last quarter. Finally, Apella Capital LLC lifted its holdings in shares of iShares Russell 1000 Value ETF by 64.1% during the 3rd quarter. Apella Capital LLC now owns 73,272 shares of the exchange traded fund’s stock worth $14,789,000 after acquiring an additional 28,614 shares during the period. Hedge funds and other institutional investors own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Stock Performance

IWD opened at $216.84 on Wednesday. The company’s 50 day simple moving average is $220.62 and its 200 day simple moving average is $211.08. iShares Russell 1000 Value ETF has a 1 year low of $163.19 and a 1 year high of $226.39. The stock has a market capitalization of $67.56 billion, a PE ratio of 18.83 and a beta of 0.89.

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.