Spire Wealth Management Has $4.16 Million Stock Holdings in iShares Russell 1000 Value ETF $IWD

Spire Wealth Management cut its position in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 3.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,390 shares of the exchange traded fund’s stock after selling 845 shares during the quarter. Spire Wealth Management’s holdings in iShares Russell 1000 Value ETF were worth $4,155,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Truvestments Capital LLC acquired a new stake in iShares Russell 1000 Value ETF during the first quarter worth about $25,000. GKV Capital Management Co. Inc. acquired a new stake in iShares Russell 1000 Value ETF during the first quarter worth about $27,000. Advantage Trust Co acquired a new stake in iShares Russell 1000 Value ETF during the second quarter worth about $29,000. RMG Wealth Management LLC acquired a new stake in iShares Russell 1000 Value ETF during the second quarter worth about $33,000. Finally, Valley Wealth Managers Inc. grew its position in iShares Russell 1000 Value ETF by 78.0% during the first quarter. Valley Wealth Managers Inc. now owns 210 shares of the exchange traded fund’s stock worth $40,000 after buying an additional 92 shares in the last quarter. 84.93% of the stock is owned by institutional investors and hedge funds.

iShares Russell 1000 Value ETF Stock Down 0.5%

IWD stock opened at $203.80 on Friday. iShares Russell 1000 Value ETF has a twelve month low of $163.19 and a twelve month high of $207.58. The company has a market cap of $64.73 billion, a PE ratio of 18.83 and a beta of 0.89. The business’s 50-day simple moving average is $202.94 and its 200 day simple moving average is $194.88.

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).