Smith Moore & CO. Sells 289 Shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Smith Moore & CO. trimmed its holdings in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 1.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 19,674 shares of the exchange traded fund’s stock after selling 289 shares during the quarter. Smith Moore & CO.’s holdings in iShares Russell 1000 Value ETF were worth $3,642,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Raymond James Financial Inc. bought a new position in shares of iShares Russell 1000 Value ETF in the 4th quarter worth $972,637,000. Prudential Financial Inc. lifted its stake in iShares Russell 1000 Value ETF by 52.8% in the fourth quarter. Prudential Financial Inc. now owns 2,966,613 shares of the exchange traded fund’s stock valued at $549,209,000 after buying an additional 1,025,357 shares during the period. JPMorgan Chase & Co. boosted its holdings in iShares Russell 1000 Value ETF by 7.8% during the fourth quarter. JPMorgan Chase & Co. now owns 9,252,043 shares of the exchange traded fund’s stock worth $1,712,831,000 after buying an additional 671,710 shares during the last quarter. Franklin Resources Inc. grew its position in shares of iShares Russell 1000 Value ETF by 118.9% during the 4th quarter. Franklin Resources Inc. now owns 936,279 shares of the exchange traded fund’s stock worth $173,333,000 after buying an additional 508,506 shares during the period. Finally, LPL Financial LLC increased its stake in shares of iShares Russell 1000 Value ETF by 12.9% in the 4th quarter. LPL Financial LLC now owns 3,720,195 shares of the exchange traded fund’s stock valued at $688,720,000 after acquiring an additional 426,218 shares during the last quarter.

iShares Russell 1000 Value ETF Stock Performance

Shares of NYSEARCA IWD opened at $181.40 on Friday. The firm has a 50 day moving average price of $190.86 and a 200 day moving average price of $190.83. The stock has a market cap of $59.65 billion, a P/E ratio of 19.48 and a beta of 0.90. iShares Russell 1000 Value ETF has a 52-week low of $168.85 and a 52-week high of $200.42.

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).