Oppenheimer Asset Management Inc. Trims Position in iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Oppenheimer Asset Management Inc. cut its position in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 70.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 99,359 shares of the exchange traded fund’s stock after selling 233,913 shares during the period. Oppenheimer Asset Management Inc.’s holdings in iShares Russell 1000 Value ETF were worth $18,695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of America Corp DE grew its stake in iShares Russell 1000 Value ETF by 9.5% during the fourth quarter. Bank of America Corp DE now owns 54,061,592 shares of the exchange traded fund’s stock valued at $10,008,423,000 after acquiring an additional 4,699,792 shares in the last quarter. FMR LLC grew its stake in iShares Russell 1000 Value ETF by 4.0% during the fourth quarter. FMR LLC now owns 9,268,989 shares of the exchange traded fund’s stock valued at $1,715,968,000 after acquiring an additional 354,694 shares in the last quarter. JPMorgan Chase & Co. grew its stake in iShares Russell 1000 Value ETF by 7.8% during the fourth quarter. JPMorgan Chase & Co. now owns 9,252,043 shares of the exchange traded fund’s stock valued at $1,712,831,000 after acquiring an additional 671,710 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in iShares Russell 1000 Value ETF by 21.6% during the fourth 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 acquiring an additional 1,400,086 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in iShares Russell 1000 Value ETF by 36.6% during the fourth 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 acquiring an additional 1,683,297 shares in the last quarter.

iShares Russell 1000 Value ETF Stock Performance

IWD opened at $189.42 on Monday. The stock has a market capitalization of $60.82 billion, a price-to-earnings ratio of 19.08 and a beta of 0.90. The company has a fifty day moving average of $185.71 and a 200 day moving average of $187.46. iShares Russell 1000 Value ETF has a fifty-two week low of $163.19 and a fifty-two week 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).