iShares Russell 1000 Value ETF (NYSEARCA:IWD) Position Lowered by Sovereign Financial Group Inc.

Sovereign Financial Group Inc. reduced its position in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 4.7% in the 1st quarter, Holdings Channel reports. The institutional investor owned 2,910 shares of the exchange traded fund’s stock after selling 142 shares during the period. Sovereign Financial Group Inc.’s holdings in iShares Russell 1000 Value ETF were worth $521,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Future Financial Wealth Managment LLC acquired a new stake in shares of iShares Russell 1000 Value ETF during the first quarter worth $87,000. Brookstone Capital Management raised its stake in iShares Russell 1000 Value ETF by 5.3% during the first quarter. Brookstone Capital Management now owns 9,994 shares of the exchange traded fund’s stock worth $1,790,000 after acquiring an additional 500 shares during the period. RMR Wealth Builders lifted its holdings in iShares Russell 1000 Value ETF by 0.4% in the first quarter. RMR Wealth Builders now owns 136,539 shares of the exchange traded fund’s stock worth $24,455,000 after acquiring an additional 521 shares during the last quarter. Elevated Capital Advisors LLC boosted its stake in iShares Russell 1000 Value ETF by 118.9% in the first quarter. Elevated Capital Advisors LLC now owns 3,088 shares of the exchange traded fund’s stock valued at $553,000 after acquiring an additional 1,677 shares during the period. Finally, Flagstar Advisors Inc. boosted its stake in iShares Russell 1000 Value ETF by 16.1% in the first quarter. Flagstar Advisors Inc. now owns 28,916 shares of the exchange traded fund’s stock valued at $5,179,000 after acquiring an additional 4,000 shares during the period.

iShares Russell 1000 Value ETF Trading Up 0.0 %

Shares of iShares Russell 1000 Value ETF stock opened at $174.32 on Friday. The stock has a market capitalization of $54.61 billion, a price-to-earnings ratio of 17.81 and a beta of 0.77. iShares Russell 1000 Value ETF has a twelve month low of $143.34 and a twelve month high of $179.56. The business’s 50 day simple moving average is $174.96 and its 200-day simple moving average is $171.15.

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).