KCM Investment Advisors LLC Reduces Position in iShares Russell 1000 Value ETF (NYSEARCA:IWD)

KCM Investment Advisors LLC trimmed its position in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 47.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,255 shares of the exchange traded fund’s stock after selling 1,141 shares during the quarter. KCM Investment Advisors LLC’s holdings in iShares Russell 1000 Value ETF were worth $232,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IWD. Wells Fargo & Company MN grew its stake in shares of iShares Russell 1000 Value ETF by 36.6% during the fourth quarter. Wells Fargo & Company MN now owns 6,284,015 shares of the exchange traded fund’s stock valued at $1,163,360,000 after buying an additional 1,683,297 shares during the last quarter. Thoroughbred Financial Services LLC grew its position in iShares Russell 1000 Value ETF by 159.4% in the 4th quarter. Thoroughbred Financial Services LLC now owns 3,185 shares of the exchange traded fund’s stock valued at $589,000 after acquiring an additional 1,957 shares during the last quarter. Atlas Capital Advisors Inc. grew its position in iShares Russell 1000 Value ETF by 12.3% in the 4th quarter. Atlas Capital Advisors Inc. now owns 4,277 shares of the exchange traded fund’s stock valued at $792,000 after acquiring an additional 468 shares during the last quarter. Pitcairn Co. bought a new stake in shares of iShares Russell 1000 Value ETF during the fourth quarter worth $655,000. Finally, Arete Wealth Advisors LLC boosted its stake in shares of iShares Russell 1000 Value ETF by 1.3% during the fourth quarter. Arete Wealth Advisors LLC now owns 29,700 shares of the exchange traded fund’s stock valued at $5,495,000 after purchasing an additional 388 shares during the period.

iShares Russell 1000 Value ETF Trading Down 6.1 %

NYSEARCA IWD opened at $170.39 on Monday. iShares Russell 1000 Value ETF has a 12 month low of $164.10 and a 12 month high of $200.42. The company’s 50-day moving average price is $190.40 and its 200-day moving average price is $190.76. The stock has a market cap of $56.03 billion, a PE ratio of 19.48 and a beta of 0.90.

iShares Russell 1000 Value ETF Company 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).