Wealth Alliance LLC Invests $1.48 Million in iShares Russell 1000 Value ETF $IWD

Wealth Alliance LLC purchased a new position in iShares Russell 1000 Value ETF (NYSEARCA:IWD) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,270 shares of the exchange traded fund’s stock, valued at approximately $1,480,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in shares of iShares Russell 1000 Value ETF by 140.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 9,153,000 shares of the exchange traded fund’s stock worth $1,777,787,000 after acquiring an additional 32,036,243 shares during the period. Envestnet Asset Management Inc. grew its stake in iShares Russell 1000 Value ETF by 1.4% in the third quarter. Envestnet Asset Management Inc. now owns 6,693,245 shares of the exchange traded fund’s stock worth $1,362,678,000 after purchasing an additional 93,461 shares during the period. Baird Financial Group Inc. raised its holdings in iShares Russell 1000 Value ETF by 12.7% in the second quarter. Baird Financial Group Inc. now owns 5,275,282 shares of the exchange traded fund’s stock worth $1,024,618,000 after purchasing an additional 593,784 shares in the last quarter. Raymond James Financial Inc. lifted its position in iShares Russell 1000 Value ETF by 1.6% during the second quarter. Raymond James Financial Inc. now owns 4,978,791 shares of the exchange traded fund’s stock valued at $967,031,000 after buying an additional 76,936 shares during the period. Finally, M&T Bank Corp lifted its position in iShares Russell 1000 Value ETF by 3.3% during the second quarter. M&T Bank Corp now owns 3,931,029 shares of the exchange traded fund’s stock valued at $763,524,000 after buying an additional 126,874 shares during the period. 84.93% of the stock is currently owned by hedge funds and other institutional investors.

iShares Russell 1000 Value ETF Stock Up 0.4%

Shares of NYSEARCA:IWD traded up $0.97 during midday trading on Friday, reaching $224.94. The company’s stock had a trading volume of 171,662 shares, compared to its average volume of 3,766,140. iShares Russell 1000 Value ETF has a 12-month low of $163.19 and a 12-month high of $226.39. The firm has a 50 day moving average of $217.31 and a 200-day moving average of $208.08. The firm has a market capitalization of $70.08 billion, a P/E ratio of 18.83 and a beta of 0.89.

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). The Index represents approximately 50% of the total market capitalization of the Russell 1000 Index. The Index measures the large-capital value sector of the United States equity market.