Grove Bank & Trust Sells 2,445 Shares of iShares Russell 1000 Value ETF $IWD

Grove Bank & Trust reduced its stake in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 15.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 13,544 shares of the exchange traded fund’s stock after selling 2,445 shares during the quarter. Grove Bank & Trust’s holdings in iShares Russell 1000 Value ETF were worth $3,358,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hamilton Capital LLC bought a new position in iShares Russell 1000 Value ETF in the 3rd quarter worth approximately $662,000. Sapient Capital LLC increased its stake in shares of iShares Russell 1000 Value ETF by 2.1% in the 3rd quarter. Sapient Capital LLC now owns 15,515 shares of the exchange traded fund’s stock valued at $3,847,000 after buying an additional 318 shares during the period. Atwood & Palmer Inc. acquired a new stake in shares of iShares Russell 1000 Value ETF in the 3rd quarter valued at $340,000. YHB Investment Advisors Inc. bought a new stake in shares of iShares Russell 1000 Value ETF during the third quarter worth $610,000. Finally, Titleist Asset Management LLC raised its position in shares of iShares Russell 1000 Value ETF by 7.4% during the third quarter. Titleist Asset Management LLC now owns 10,058 shares of the exchange traded fund’s stock worth $2,494,000 after acquiring an additional 693 shares during the last quarter. Institutional investors and hedge funds own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Trading Up 0.5%

Shares of IWD traded up $1.22 during trading hours on Thursday, hitting $252.00. 1,563,108 shares of the stock traded hands, compared to its average volume of 2,670,462. iShares Russell 1000 Value ETF has a 1-year low of $199.40 and a 1-year high of $260.19. The firm has a market capitalization of $82.32 billion, a PE ratio of 18.83 and a beta of 0.84. The business has a fifty day moving average of $254.75 and a 200-day moving average of $241.89.

About iShares Russell 1000 Value ETF

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.