Evanson Financial LLC Invests $3.58 Million in iShares Russell 1000 Value ETF $IWD

Evanson Financial LLC purchased a new position in iShares Russell 1000 Value ETF (NYSEARCA:IWD) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 14,777 shares of the exchange traded fund’s stock, valued at approximately $3,582,000.

Other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE increased its stake in iShares Russell 1000 Value ETF by 5.4% during the 4th 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 in the last quarter. Morgan Stanley lifted its stake in shares of iShares Russell 1000 Value ETF by 9.0% in the fourth quarter. Morgan Stanley now owns 39,663,587 shares of the exchange traded fund’s stock worth $8,342,840,000 after buying an additional 3,280,476 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of iShares Russell 1000 Value ETF by 0.8% in 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 buying an additional 85,365 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of iShares Russell 1000 Value ETF by 3.8% in 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 buying an additional 338,948 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of 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 valued at $1,240,116,000 after buying an additional 995,230 shares during the last quarter. 84.93% of the stock is owned by hedge funds and other institutional investors.

iShares Russell 1000 Value ETF Stock Down 0.0%

Shares of IWD opened at $256.12 on Friday. The company has a market capitalization of $83.21 billion, a P/E ratio of 18.83 and a beta of 0.83. The firm has a 50 day moving average of $245.13 and a 200 day moving average of $231.10. iShares Russell 1000 Value ETF has a twelve month low of $194.02 and a twelve month high of $257.83.

iShares Russell 1000 Value ETF 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.