2,000 Shares in iShares Russell 1000 Value ETF $IWD Acquired by Cullen Capital Management LLC

Cullen Capital Management LLC bought a new stake in iShares Russell 1000 Value ETF (NYSEARCA:IWD) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,000 shares of the exchange traded fund’s stock, valued at approximately $485,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Morgan Stanley lifted its stake in shares of iShares Russell 1000 Value ETF by 9.0% in the 4th quarter. Morgan Stanley now owns 39,663,587 shares of the exchange traded fund’s stock worth $8,342,840,000 after acquiring an additional 3,280,476 shares during the period. Bank of America Corp DE increased its stake in shares of iShares Russell 1000 Value ETF by 5.4% during the fourth quarter. Bank of America Corp DE now owns 52,256,616 shares of the exchange traded fund’s stock valued at $10,991,657,000 after acquiring an additional 2,686,078 shares during the period. 71 West Capital Partners acquired a new position in shares of iShares Russell 1000 Value ETF during the fourth quarter valued at approximately $240,065,000. Wells Fargo & Company MN increased its stake in shares of iShares Russell 1000 Value ETF by 20.3% during the fourth quarter. Wells Fargo & Company MN now owns 5,895,769 shares of the exchange traded fund’s stock valued at $1,240,116,000 after acquiring an additional 995,230 shares during the period. Finally, Fifth Third Bancorp raised its holdings in iShares Russell 1000 Value ETF by 324.3% during the first quarter. Fifth Third Bancorp now owns 1,191,768 shares of the exchange traded fund’s stock worth $254,645,000 after purchasing an additional 910,889 shares in the last quarter. Institutional investors own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Price Performance

IWD opened at $258.27 on Wednesday. The company has a market capitalization of $83.91 billion, a price-to-earnings ratio of 18.83 and a beta of 0.83. iShares Russell 1000 Value ETF has a 1-year low of $199.13 and a 1-year high of $260.19. The business has a 50 day moving average price of $249.93 and a two-hundred day moving average price of $234.59.

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.