iShares Russell 1000 Value ETF $IWD Stock Position Lessened by Ballast Inc.

Ballast Inc. trimmed its holdings in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 5.5% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 70,071 shares of the exchange traded fund’s stock after selling 4,043 shares during the quarter. iShares Russell 1000 Value ETF accounts for about 3.2% of Ballast Inc.’s holdings, making the stock its 8th biggest holding. Ballast Inc.’s holdings in iShares Russell 1000 Value ETF were worth $17,373,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in IWD. Baird Financial Group Inc. lifted its position in iShares Russell 1000 Value ETF by 2.7% in the second quarter. Baird Financial Group Inc. now owns 6,192,377 shares of the exchange traded fund’s stock valued at $1,501,218,000 after purchasing an additional 165,599 shares during the last quarter. Stairway Partners LLC bought a new position in iShares Russell 1000 Value ETF in the third quarter worth about $326,735,000. Fifth Third Bancorp grew its holdings in shares of iShares Russell 1000 Value ETF by 324.3% during the 1st quarter. Fifth Third Bancorp now owns 1,191,768 shares of the exchange traded fund’s stock worth $254,645,000 after acquiring an additional 910,889 shares during the period. Bank of New York Mellon Corp raised its holdings in iShares Russell 1000 Value ETF by 5.3% in the first quarter. Bank of New York Mellon Corp now owns 903,575 shares of the exchange traded fund’s stock worth $193,067,000 after purchasing an additional 45,283 shares in the last quarter. Finally, 1ST Source Bank boosted its holdings in shares of iShares Russell 1000 Value ETF by 1.9% during the 1st quarter. 1ST Source Bank now owns 621,889 shares of the exchange traded fund’s stock valued at $132,879,000 after buying an additional 11,697 shares in the last quarter. 84.93% of the stock is owned by institutional investors.

iShares Russell 1000 Value ETF Stock Performance

Shares of IWD traded up $1.69 during mid-day trading on Tuesday, reaching $257.12. The company had a trading volume of 659,176 shares, compared to its average volume of 2,625,017. iShares Russell 1000 Value ETF has a 52 week low of $199.79 and a 52 week high of $260.19. The company has a market capitalization of $84.13 billion, a price-to-earnings ratio of 18.83 and a beta of 0.84. The firm has a 50-day moving average price of $254.62 and a 200 day moving average price of $243.98.

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.