Envestnet Portfolio Solutions Inc. Trims Stock Holdings in iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Envestnet Portfolio Solutions Inc. reduced its holdings in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 27.7% in the first quarter, Holdings Channel.com reports. The fund owned 151,865 shares of the exchange traded fund’s stock after selling 58,056 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in iShares Russell 1000 Value ETF were worth $28,575,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Bank of America Corp DE increased its stake in iShares Russell 1000 Value ETF by 9.5% in the fourth quarter. Bank of America Corp DE now owns 54,061,592 shares of the exchange traded fund’s stock worth $10,008,423,000 after purchasing an additional 4,699,792 shares during the period. FMR LLC increased its stake in iShares Russell 1000 Value ETF by 4.0% in the 4th quarter. FMR LLC now owns 9,268,989 shares of the exchange traded fund’s stock worth $1,715,968,000 after buying an additional 354,694 shares during the period. JPMorgan Chase & Co. increased its stake in iShares Russell 1000 Value ETF by 7.8% in the 4th quarter. JPMorgan Chase & Co. now owns 9,252,043 shares of the exchange traded fund’s stock worth $1,712,831,000 after buying an additional 671,710 shares during the period. Envestnet Asset Management Inc. lifted its holdings in iShares Russell 1000 Value ETF by 21.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 7,877,198 shares of the exchange traded fund’s stock valued at $1,458,306,000 after buying an additional 1,400,086 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in iShares Russell 1000 Value ETF by 36.6% in the 4th quarter. Wells Fargo & Company MN now owns 6,284,015 shares of the exchange traded fund’s stock valued at $1,163,360,000 after buying an additional 1,683,297 shares during the period.

iShares Russell 1000 Value ETF Price Performance

Shares of IWD stock opened at $189.13 on Thursday. The company has a market capitalization of $60.73 billion, a P/E ratio of 19.08 and a beta of 0.90. The company’s 50-day simple moving average is $185.13 and its two-hundred day simple moving average is $187.72. iShares Russell 1000 Value ETF has a one year low of $163.19 and a one year high of $200.42.

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).