SCS Capital Management LLC Trims Stake in iShares Russell 1000 Value ETF $IWD

SCS Capital Management LLC lowered its stake in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 21.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 44,941 shares of the exchange traded fund’s stock after selling 12,417 shares during the quarter. SCS Capital Management LLC’s holdings in iShares Russell 1000 Value ETF were worth $9,453,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Reyes Financial Architecture Inc. purchased a new stake in iShares Russell 1000 Value ETF in the 4th quarter valued at approximately $25,000. Holos Integrated Wealth LLC purchased a new stake in iShares Russell 1000 Value ETF in the 4th quarter valued at approximately $31,000. Grand Wealth Management LLC purchased a new stake in iShares Russell 1000 Value ETF in the 4th quarter valued at approximately $31,000. Eagle Bay Advisors LLC purchased a new stake in iShares Russell 1000 Value ETF in the 4th quarter valued at approximately $36,000. Finally, Key Capital Management INC purchased a new stake in iShares Russell 1000 Value ETF in the 4th quarter valued at approximately $40,000. Hedge funds and other institutional investors own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Stock Performance

IWD stock opened at $237.96 on Monday. The stock’s 50 day moving average price is $225.85 and its 200 day moving average price is $219.10. The firm has a market cap of $76.43 billion, a P/E ratio of 18.83 and a beta of 0.84. iShares Russell 1000 Value ETF has a 1 year low of $186.64 and a 1 year high of $239.17.

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.