Prospera Financial Services Inc Raises Position in iShares Russell 1000 Value ETF $IWD

Prospera Financial Services Inc boosted its stake in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 507.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 184,865 shares of the exchange traded fund’s stock after buying an additional 154,423 shares during the period. iShares Russell 1000 Value ETF accounts for approximately 0.6% of Prospera Financial Services Inc’s portfolio, making the stock its 25th largest position. Prospera Financial Services Inc’s holdings in iShares Russell 1000 Value ETF were worth $38,888,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Reyes Financial Architecture Inc. purchased a new stake in iShares Russell 1000 Value ETF in the fourth quarter worth about $25,000. Holos Integrated Wealth LLC purchased a new stake in iShares Russell 1000 Value ETF in the fourth quarter worth about $31,000. Grand Wealth Management LLC purchased a new stake in iShares Russell 1000 Value ETF in the fourth quarter worth about $31,000. Eagle Bay Advisors LLC purchased a new stake in iShares Russell 1000 Value ETF in the fourth quarter worth about $36,000. Finally, Key Capital Management INC purchased a new stake in iShares Russell 1000 Value ETF in the fourth quarter worth about $40,000. 84.93% of the stock is currently owned by hedge funds and other institutional investors.

iShares Russell 1000 Value ETF Stock Performance

IWD stock opened at $236.32 on Friday. The firm has a 50 day moving average price of $223.62 and a 200-day moving average price of $217.82. iShares Russell 1000 Value ETF has a 52-week low of $184.69 and a 52-week high of $237.01. The firm has a market capitalization of $75.91 billion, a price-to-earnings ratio of 18.83 and a beta of 0.84.

About iShares Russell 1000 Value ETF

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.