Financial Advocates Investment Management Sells 4,034 Shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Financial Advocates Investment Management cut its position in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 40.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,886 shares of the exchange traded fund’s stock after selling 4,034 shares during the period. Financial Advocates Investment Management’s holdings in iShares Russell 1000 Value ETF were worth $1,090,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA increased its stake in iShares Russell 1000 Value ETF by 13.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 130,392 shares of the exchange traded fund’s stock worth $24,748,000 after acquiring an additional 14,966 shares during the last quarter. Lake Hills Wealth Management LLC purchased a new position in shares of iShares Russell 1000 Value ETF in the 3rd quarter worth approximately $271,000. Wedmont Private Capital increased its position in shares of iShares Russell 1000 Value ETF by 49.5% during the 4th quarter. Wedmont Private Capital now owns 4,083 shares of the exchange traded fund’s stock valued at $750,000 after purchasing an additional 1,351 shares during the last quarter. Widmann Financial Services Inc. increased its position in shares of iShares Russell 1000 Value ETF by 2.0% during the 3rd quarter. Widmann Financial Services Inc. now owns 28,552 shares of the exchange traded fund’s stock valued at $5,419,000 after purchasing an additional 561 shares during the last quarter. Finally, Embree Financial Group raised its holdings in iShares Russell 1000 Value ETF by 1.4% during the 4th quarter. Embree Financial Group now owns 6,433 shares of the exchange traded fund’s stock valued at $1,191,000 after buying an additional 86 shares during the period.

iShares Russell 1000 Value ETF Stock Down 0.6 %

NYSEARCA IWD opened at $193.25 on Friday. iShares Russell 1000 Value ETF has a 52 week low of $164.34 and a 52 week high of $200.42. The firm has a market capitalization of $60.54 billion, a price-to-earnings ratio of 17.81 and a beta of 0.77. The company has a fifty day moving average of $190.52 and a two-hundred day moving average of $188.66.

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).