Newport Capital Group LLC Purchases Shares of 65,560 iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Newport Capital Group LLC acquired a new position in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 65,560 shares of the exchange traded fund’s stock, valued at approximately $11,438,000. iShares Russell 1000 Value ETF accounts for approximately 9.1% of Newport Capital Group LLC’s investment portfolio, making the stock its 3rd largest position.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Triad Wealth Partners LLC acquired a new position in iShares Russell 1000 Value ETF during the 2nd quarter worth about $25,000. Opal Wealth Advisors LLC purchased a new position in shares of iShares Russell 1000 Value ETF in the second quarter valued at approximately $28,000. Concord Wealth Partners increased its stake in iShares Russell 1000 Value ETF by 70.4% during the 1st quarter. Concord Wealth Partners now owns 167 shares of the exchange traded fund’s stock worth $30,000 after buying an additional 69 shares during the period. Nemes Rush Group LLC lifted its holdings in iShares Russell 1000 Value ETF by 382.1% during the 2nd quarter. Nemes Rush Group LLC now owns 188 shares of the exchange traded fund’s stock worth $33,000 after buying an additional 149 shares in the last quarter. Finally, Family Firm Inc. purchased a new position in iShares Russell 1000 Value ETF in the 2nd quarter valued at approximately $37,000.

iShares Russell 1000 Value ETF Stock Up 0.4 %

NYSEARCA:IWD opened at $189.29 on Monday. iShares Russell 1000 Value ETF has a 52 week low of $143.34 and a 52 week high of $190.37. The company has a fifty day simple moving average of $183.55 and a two-hundred day simple moving average of $178.26. The company has a market cap of $59.30 billion, a price-to-earnings ratio of 17.81 and a beta of 0.77.

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).