Montecito Bank & Trust Acquires New Stake in iShares Russell 1000 Value ETF $IWD

Montecito Bank & Trust bought a new position in iShares Russell 1000 Value ETF (NYSEARCA:IWD) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 46,442 shares of the exchange traded fund’s stock, valued at approximately $11,514,000. iShares Russell 1000 Value ETF accounts for 1.8% of Montecito Bank & Trust’s investment portfolio, making the stock its 13th biggest position.

Several other large investors have also recently modified their holdings of IWD. Greenleaf Trust raised its holdings in iShares Russell 1000 Value ETF by 20,660.3% during the 2nd quarter. Greenleaf Trust now owns 1,491,213 shares of the exchange traded fund’s stock valued at $116,166,000 after buying an additional 1,484,030 shares during the period. 71 West Capital Partners purchased a new position in iShares Russell 1000 Value ETF during the fourth quarter worth $240,065,000. Wells Fargo & Company MN boosted its stake in 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 worth $1,240,116,000 after buying an additional 995,230 shares during the period. Fifth Third Bancorp boosted its stake 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 buying an additional 910,889 shares during the period. Finally, Focus Partners Wealth increased its position in iShares Russell 1000 Value ETF by 151.8% during the fourth quarter. Focus Partners Wealth now owns 1,412,808 shares of the exchange traded fund’s stock valued at $297,152,000 after acquiring an additional 851,770 shares during the last quarter. Institutional investors own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Price Performance

Shares of IWD traded up $0.31 during midday trading on Thursday, hitting $248.24. The stock had a trading volume of 2,803,708 shares, compared to its average volume of 2,702,885. iShares Russell 1000 Value ETF has a 1 year low of $199.40 and a 1 year high of $260.19. The firm has a market cap of $81.00 billion, a PE ratio of 18.83 and a beta of 0.83. The stock’s 50 day moving average is $254.63 and its 200 day moving average is $240.38.

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.