36,141 Shares of iShares Russell 1000 Value ETF $IWD Bought by Sowell Financial Services LLC

Sowell Financial Services LLC bought a new position in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) during the third quarter, HoldingsChannel reports. The institutional investor bought 36,141 shares of the exchange traded fund’s stock, valued at approximately $8,960,000.

A number of other hedge funds have also recently bought and sold shares of the company. Quadrant Capital Group LLC bought a new stake in iShares Russell 1000 Value ETF in the third quarter worth about $7,845,000. Bell Bank acquired a new stake in iShares Russell 1000 Value ETF in the 3rd quarter valued at about $977,000. Benchmark Financial Wealth Advisors LLC boosted its position in shares of iShares Russell 1000 Value ETF by 1.7% during the 3rd quarter. Benchmark Financial Wealth Advisors LLC now owns 3,343 shares of the exchange traded fund’s stock valued at $829,000 after purchasing an additional 56 shares in the last quarter. Physician Wealth Advisors Inc. boosted its position in shares of iShares Russell 1000 Value ETF by 1,897.8% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 919 shares of the exchange traded fund’s stock valued at $228,000 after purchasing an additional 873 shares in the last quarter. Finally, Carnegie Investment Counsel bought a new position in shares of iShares Russell 1000 Value ETF during the 3rd quarter valued at about $704,000. 84.93% of the stock is owned by institutional investors and hedge funds.

iShares Russell 1000 Value ETF Price Performance

Shares of IWD opened at $257.70 on Wednesday. The firm’s 50 day moving average is $254.62 and its 200-day moving average is $244.28. The stock has a market capitalization of $84.32 billion, a P/E ratio of 18.83 and a beta of 0.84. iShares Russell 1000 Value ETF has a 12-month low of $199.79 and a 12-month high of $260.19.

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.