1ST Source Bank Cuts Stake in iShares Russell 1000 Value ETF (NYSEARCA:IWD)

1ST Source Bank decreased its holdings in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 660,089 shares of the exchange traded fund’s stock after selling 5,673 shares during the quarter. iShares Russell 1000 Value ETF accounts for about 7.0% of 1ST Source Bank’s investment portfolio, making the stock its 3rd biggest position. 1ST Source Bank’s holdings in iShares Russell 1000 Value ETF were worth $122,202,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of IWD. Raymond James Financial Inc. bought a new position in shares of iShares Russell 1000 Value ETF during the fourth quarter valued at approximately $972,637,000. BNP Paribas Financial Markets grew its stake in iShares Russell 1000 Value ETF by 1,200,216.9% in the third quarter. BNP Paribas Financial Markets now owns 780,206 shares of the exchange traded fund’s stock worth $148,083,000 after purchasing an additional 780,141 shares in the last quarter. Strategic Financial Concepts LLC grew its stake in iShares Russell 1000 Value ETF by 18,440.5% in the fourth quarter. Strategic Financial Concepts LLC now owns 420,683 shares of the exchange traded fund’s stock worth $77,881,000 after purchasing an additional 418,414 shares in the last quarter. Equity Investment Corp grew its stake in iShares Russell 1000 Value ETF by 291.7% in the fourth quarter. Equity Investment Corp now owns 439,833 shares of the exchange traded fund’s stock worth $81,426,000 after purchasing an additional 327,537 shares in the last quarter. Finally, Truist Financial Corp grew its stake in iShares Russell 1000 Value ETF by 13.6% in the fourth quarter. Truist Financial Corp now owns 2,501,354 shares of the exchange traded fund’s stock worth $463,076,000 after purchasing an additional 299,280 shares in the last quarter.

iShares Russell 1000 Value ETF Stock Up 1.8 %

Shares of NYSEARCA:IWD opened at $186.13 on Monday. iShares Russell 1000 Value ETF has a 52-week low of $168.85 and a 52-week high of $200.42. The stock has a market cap of $60.20 billion, a P/E ratio of 19.31 and a beta of 0.97. The business’s 50 day moving average is $191.13 and its 200 day moving average is $190.67.

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).