iShares Russell 1000 Value ETF (NYSEARCA:IWD) Shares Purchased by MV Capital Management Inc.

MV Capital Management Inc. raised its stake in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 1.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 379,988 shares of the exchange traded fund’s stock after purchasing an additional 4,148 shares during the period. iShares Russell 1000 Value ETF comprises 7.5% of MV Capital Management Inc.’s investment portfolio, making the stock its 3rd biggest position. MV Capital Management Inc. owned approximately 0.12% of iShares Russell 1000 Value ETF worth $70,347,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Flagship Wealth Advisors LLC purchased a new stake in shares of iShares Russell 1000 Value ETF during the 4th quarter worth $26,000. Peterson Wealth Services acquired a new position in shares of iShares Russell 1000 Value ETF during the 4th quarter worth about $32,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of iShares Russell 1000 Value ETF in the 4th quarter valued at about $32,000. VSM Wealth Advisory LLC acquired a new stake in shares of iShares Russell 1000 Value ETF during the 4th quarter worth about $34,000. Finally, Hantz Financial Services Inc. purchased a new stake in iShares Russell 1000 Value ETF during the fourth quarter worth approximately $35,000.

iShares Russell 1000 Value ETF Stock Down 1.4 %

Shares of IWD opened at $186.27 on Friday. The company has a market capitalization of $60.25 billion, a price-to-earnings ratio of 19.31 and a beta of 0.97. iShares Russell 1000 Value ETF has a 52-week low of $168.85 and a 52-week high of $200.42. The stock has a 50 day moving average price of $191.37 and a 200 day moving average price of $190.78.

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).