Palouse Capital Management Inc. Buys Shares of 577 iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Palouse Capital Management Inc. bought a new stake in iShares Russell 1000 Value ETF (NYSEARCA:IWD) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 577 shares of the exchange traded fund’s stock, valued at approximately $107,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of IWD. Massachusetts Financial Services Co. MA boosted its position in shares of 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 buying an additional 14,966 shares during the period. Wedmont Private Capital boosted its position in shares of iShares Russell 1000 Value ETF by 49.5% during the fourth quarter. Wedmont Private Capital now owns 4,083 shares of the exchange traded fund’s stock worth $750,000 after buying an additional 1,351 shares during the period. Strategic Financial Concepts LLC boosted its position in shares of iShares Russell 1000 Value ETF by 18,440.5% during the fourth quarter. Strategic Financial Concepts LLC now owns 420,683 shares of the exchange traded fund’s stock worth $77,881,000 after buying an additional 418,414 shares during the period. Widmann Financial Services Inc. raised its holdings in iShares Russell 1000 Value ETF by 2.0% during the third quarter. Widmann Financial Services Inc. now owns 28,552 shares of the exchange traded fund’s stock worth $5,419,000 after purchasing an additional 561 shares in the last quarter. Finally, Embree Financial Group raised its holdings in iShares Russell 1000 Value ETF by 1.4% during the fourth quarter. Embree Financial Group now owns 6,433 shares of the exchange traded fund’s stock worth $1,191,000 after purchasing an additional 86 shares in the last quarter.

iShares Russell 1000 Value ETF Price Performance

Shares of NYSEARCA:IWD opened at $194.48 on Friday. The stock has a market cap of $60.92 billion, a price-to-earnings ratio of 17.81 and a beta of 0.77. iShares Russell 1000 Value ETF has a 12 month low of $167.43 and a 12 month high of $200.42. The stock’s 50 day moving average price is $190.07 and its 200 day moving average price is $189.21.

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).