BTC Capital Management Inc. Purchases 12,321 Shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD)

BTC Capital Management Inc. boosted its position in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 14.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 96,998 shares of the exchange traded fund’s stock after acquiring an additional 12,321 shares during the quarter. iShares Russell 1000 Value ETF makes up approximately 1.7% of BTC Capital Management Inc.’s holdings, making the stock its 12th biggest holding. BTC Capital Management Inc.’s holdings in iShares Russell 1000 Value ETF were worth $17,947,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James & Associates increased its position in iShares Russell 1000 Value ETF by 0.6% during the 3rd quarter. Raymond James & Associates now owns 3,666,344 shares of the exchange traded fund’s stock valued at $695,872,000 after purchasing an additional 22,295 shares during the period. LPL Financial LLC increased its position in iShares Russell 1000 Value ETF by 0.7% during the 3rd quarter. LPL Financial LLC now owns 3,293,977 shares of the exchange traded fund’s stock valued at $625,197,000 after purchasing an additional 23,197 shares during the period. PNC Financial Services Group Inc. increased its position in iShares Russell 1000 Value ETF by 0.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,247,266 shares of the exchange traded fund’s stock valued at $616,331,000 after purchasing an additional 10,304 shares during the period. Synovus Financial Corp increased its position in iShares Russell 1000 Value ETF by 1.2% during the 3rd quarter. Synovus Financial Corp now owns 2,848,914 shares of the exchange traded fund’s stock valued at $540,724,000 after purchasing an additional 34,700 shares during the period. Finally, Stifel Financial Corp increased its position in iShares Russell 1000 Value ETF by 3.8% during the 3rd quarter. Stifel Financial Corp now owns 1,947,425 shares of the exchange traded fund’s stock valued at $369,623,000 after purchasing an additional 70,612 shares during the period.

iShares Russell 1000 Value ETF Trading Up 1.0 %

Shares of iShares Russell 1000 Value ETF stock opened at $194.87 on Friday. The company’s fifty day simple moving average is $191.05 and its two-hundred day simple moving average is $188.22. The company has a market cap of $61.04 billion, a P/E ratio of 17.81 and a beta of 0.77. iShares Russell 1000 Value ETF has a 12-month low of $164.34 and a 12-month high of $200.42.

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).