iShares Russell 1000 Value ETF (NYSEARCA:IWD) Stake Lowered by 1ST Source Bank

1ST Source Bank reduced its position in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 660,089 shares of the exchange traded fund’s stock after selling 5,673 shares during the period. iShares Russell 1000 Value ETF accounts for about 7.0% of 1ST Source Bank’s investment portfolio, making the stock its 3rd biggest position. 1ST Source Bank owned about 0.21% of iShares Russell 1000 Value ETF worth $122,202,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in shares of iShares Russell 1000 Value ETF in the fourth quarter worth about $972,637,000. M&T Bank Corp lifted its position in shares of iShares Russell 1000 Value ETF by 4.9% in the fourth quarter. M&T Bank Corp now owns 3,720,837 shares of the exchange traded fund’s stock worth $688,838,000 after buying an additional 173,058 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of iShares Russell 1000 Value ETF by 4.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,386,955 shares of the exchange traded fund’s stock worth $627,027,000 after buying an additional 139,689 shares in the last quarter. LPL Financial LLC raised its position in iShares Russell 1000 Value ETF by 0.7% during the third quarter. LPL Financial LLC now owns 3,293,977 shares of the exchange traded fund’s stock valued at $625,197,000 after purchasing an additional 23,197 shares during the period. Finally, Synovus Financial Corp raised its position in iShares Russell 1000 Value ETF by 1.2% during the third quarter. Synovus Financial Corp now owns 2,848,914 shares of the exchange traded fund’s stock valued at $540,724,000 after purchasing an additional 34,700 shares during the period.

iShares Russell 1000 Value ETF Price Performance

Shares of IWD stock opened at $186.13 on Monday. iShares Russell 1000 Value ETF has a 1 year low of $168.85 and a 1 year high of $200.42. The stock’s 50 day simple moving average is $191.13 and its two-hundred day simple moving average is $190.67. The company has a market cap of $60.20 billion, a PE ratio of 19.31 and a beta of 0.97.

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).