Edgemoor Investment Advisors Inc. Makes New $621,000 Investment in iShares Russell 1000 Value ETF $IWD

Edgemoor Investment Advisors Inc. purchased a new position in iShares Russell 1000 Value ETF (NYSEARCA:IWD) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,506 shares of the exchange traded fund’s stock, valued at approximately $621,000.

Other large investors also recently modified their holdings of the company. M Holdings Securities Inc. purchased a new position in iShares Russell 1000 Value ETF in the third quarter worth about $1,212,000. Avantax Planning Partners Inc. bought a new stake in shares of iShares Russell 1000 Value ETF during the 3rd quarter valued at about $2,411,000. Brighton Jones LLC purchased a new stake in shares of iShares Russell 1000 Value ETF during the 3rd quarter valued at about $8,859,000. American State Bank Iowa increased its position in shares of iShares Russell 1000 Value ETF by 16.7% during the 3rd quarter. American State Bank Iowa now owns 40,039 shares of the exchange traded fund’s stock valued at $9,927,000 after purchasing an additional 5,728 shares during the last quarter. Finally, Cooper Haims Advisors LLC increased its position in shares of iShares Russell 1000 Value ETF by 29.9% during the 3rd quarter. Cooper Haims Advisors LLC now owns 1,111 shares of the exchange traded fund’s stock valued at $275,000 after purchasing an additional 256 shares during the last quarter. Institutional investors own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Price Performance

Shares of NYSEARCA:IWD opened at $257.45 on Monday. The firm’s 50 day moving average price is $254.98 and its 200-day moving average price is $239.16. iShares Russell 1000 Value ETF has a twelve month low of $199.79 and a twelve month high of $267.24. The stock has a market capitalization of $82.83 billion, a PE ratio of 18.83 and a beta of 0.84.

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.