Wall Capital Group Inc. Purchases New Position in iShares Russell 1000 Value ETF $IWD

Wall Capital Group Inc. acquired a new position in iShares Russell 1000 Value ETF (NYSEARCA:IWD) in the first quarter, HoldingsChannel.com reports. The firm acquired 31,554 shares of the exchange traded fund’s stock, valued at approximately $6,742,000. iShares Russell 1000 Value ETF comprises about 7.2% of Wall Capital Group Inc.’s investment portfolio, making the stock its 4th largest holding.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in IWD. Reyes Financial Architecture Inc. purchased a new stake in shares of iShares Russell 1000 Value ETF during the fourth quarter valued at $25,000. IFC & Insurance Marketing Inc. purchased a new position in iShares Russell 1000 Value ETF in the 4th quarter worth about $28,000. MBM Wealth Consultants LLC purchased a new position in iShares Russell 1000 Value ETF in the 1st quarter worth about $29,000. Heritage Wealth Advisors bought a new position in iShares Russell 1000 Value ETF during the 4th quarter valued at about $31,000. Finally, Holos Integrated Wealth LLC bought a new position in iShares Russell 1000 Value ETF during the 4th quarter valued at about $31,000. 84.93% of the stock is owned by institutional investors.

iShares Russell 1000 Value ETF Stock Up 1.4%

Shares of NYSEARCA IWD opened at $244.41 on Friday. The firm’s 50-day moving average price is $235.05 and its 200-day moving average price is $223.64. iShares Russell 1000 Value ETF has a 52-week low of $191.64 and a 52-week high of $245.71. The company has a market cap of $78.50 billion, a PE 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.