Morton Capital Management LLC CA Sells 2,583 Shares of iShares Russell 1000 Value ETF $IWD

Morton Capital Management LLC CA lowered its holdings in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 5.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,478 shares of the exchange traded fund’s stock after selling 2,583 shares during the period. iShares Russell 1000 Value ETF makes up 1.3% of Morton Capital Management LLC CA’s portfolio, making the stock its 13th biggest position. Morton Capital Management LLC CA’s holdings in iShares Russell 1000 Value ETF were worth $10,532,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Citizens Financial Group Inc. RI acquired a new stake in iShares Russell 1000 Value ETF during the 3rd quarter worth about $9,780,000. Anderson Hoagland & Co. purchased a new position in iShares Russell 1000 Value ETF during the 3rd quarter valued at about $1,343,000. Simplicity Wealth LLC increased its holdings in shares of iShares Russell 1000 Value ETF by 9.6% in the 3rd quarter. Simplicity Wealth LLC now owns 21,102 shares of the exchange traded fund’s stock valued at $5,232,000 after purchasing an additional 1,847 shares during the period. NTV Asset Management LLC acquired a new position in shares of iShares Russell 1000 Value ETF in the 3rd quarter valued at about $3,673,000. Finally, Sowell Financial Services LLC acquired a new position in shares of iShares Russell 1000 Value ETF in the 3rd quarter valued at about $8,960,000. Institutional investors and hedge funds own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Price Performance

NYSEARCA IWD opened at $257.42 on Friday. The company has a 50 day simple moving average of $254.61 and a 200-day simple moving average of $244.98. The firm has a market capitalization of $84.23 billion, a price-to-earnings ratio of 18.83 and a beta of 0.84. iShares Russell 1000 Value ETF has a 52-week low of $199.79 and a 52-week high of $260.19.

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.