iShares Russell 1000 Value ETF $IWD is Genesis Private Wealth LLC’s 4th Largest Position

Genesis Private Wealth LLC cut its stake in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 7.8% in the first quarter, Holdings Channel reports. The fund owned 61,579 shares of the exchange traded fund’s stock after selling 5,207 shares during the period. iShares Russell 1000 Value ETF accounts for about 4.1% of Genesis Private Wealth LLC’s portfolio, making the stock its 4th largest holding. Genesis Private Wealth LLC’s holdings in iShares Russell 1000 Value ETF were worth $13,158,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Bank of America Corp DE grew its holdings in shares of iShares Russell 1000 Value ETF by 5.4% in the fourth 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. Morgan Stanley increased its position in iShares Russell 1000 Value ETF by 9.0% during the fourth quarter. Morgan Stanley now owns 39,663,587 shares of the exchange traded fund’s stock worth $8,342,840,000 after purchasing an additional 3,280,476 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in iShares Russell 1000 Value ETF by 0.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 11,414,192 shares of the exchange traded fund’s stock worth $2,400,861,000 after purchasing an additional 85,365 shares during the period. JPMorgan Chase & Co. raised its stake in iShares Russell 1000 Value ETF by 3.8% during the fourth quarter. JPMorgan Chase & Co. now owns 9,251,710 shares of the exchange traded fund’s stock worth $1,946,005,000 after purchasing an additional 338,948 shares during the period. Finally, Wells Fargo & Company MN raised its stake 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 purchasing an additional 995,230 shares during the period. Hedge funds and other institutional investors own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Price Performance

NYSEARCA:IWD opened at $242.18 on Friday. The company’s 50-day moving average is $233.52 and its two-hundred day moving average is $222.62. iShares Russell 1000 Value ETF has a 1-year low of $188.55 and a 1-year high of $245.51. The firm has a market capitalization of $77.79 billion, a price-to-earnings ratio of 18.83 and a beta of 0.84.

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.