Envestnet Asset Management Inc. Has $1.63 Billion Position in iShares Russell 1000 Value ETF $IWD

Envestnet Asset Management Inc. lessened its holdings in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 2.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,717,263 shares of the exchange traded fund’s stock after selling 171,227 shares during the quarter. Envestnet Asset Management Inc. owned 2.06% of iShares Russell 1000 Value ETF worth $1,628,466,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Timbuktu Capital Management LLC acquired a new position in shares of iShares Russell 1000 Value ETF during the second quarter valued at about $25,000. Markowski Investments bought a new stake in shares of iShares Russell 1000 Value ETF during the second quarter worth about $28,000. MBM Wealth Consultants LLC acquired a new stake in shares of iShares Russell 1000 Value ETF in the 1st quarter worth about $29,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of iShares Russell 1000 Value ETF in the 2nd quarter worth about $30,000. Finally, RMG Wealth Management LLC acquired a new stake in shares of iShares Russell 1000 Value ETF in the 1st quarter worth about $40,000. Institutional investors and hedge funds own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Trading Down 0.5%

NYSEARCA IWD traded down $1.25 during trading hours on Wednesday, hitting $251.42. The company’s stock had a trading volume of 1,723,142 shares, compared to its average volume of 2,726,761. The company has a market capitalization of $81.90 billion, a PE ratio of 18.83 and a beta of 0.83. iShares Russell 1000 Value ETF has a 52 week low of $199.40 and a 52 week high of $260.19. The company’s 50-day simple moving average is $254.34 and its two-hundred day simple moving average is $239.01.

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.