Meritage Portfolio Management Sells 1,632 Shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Meritage Portfolio Management lowered its position in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 5.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,870 shares of the exchange traded fund’s stock after selling 1,632 shares during the period. Meritage Portfolio Management’s holdings in iShares Russell 1000 Value ETF were worth $4,868,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Flagship Wealth Advisors LLC purchased a new stake in iShares Russell 1000 Value ETF during the 4th quarter worth approximately $26,000. Ameriflex Group Inc. purchased a new stake in shares of iShares Russell 1000 Value ETF in the 4th quarter valued at $29,000. Transce3nd LLC purchased a new stake in iShares Russell 1000 Value ETF during the fourth quarter worth $31,000. Whipplewood Advisors LLC purchased a new stake in iShares Russell 1000 Value ETF during the first quarter worth $33,000. Finally, VSM Wealth Advisory LLC purchased a new stake in iShares Russell 1000 Value ETF during the fourth quarter worth $34,000. Hedge funds and other institutional investors own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Stock Performance

Shares of NYSEARCA IWD opened at $196.39 on Thursday. The company’s fifty day moving average price is $188.41 and its 200 day moving average price is $187.54. The company has a market capitalization of $64.34 billion, a PE ratio of 18.83 and a beta of 0.95. iShares Russell 1000 Value ETF has a 1 year low of $163.19 and a 1 year high of $200.42.

iShares Russell 1000 Value ETF 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).