Moran Wealth Management LLC Boosts Stake in iShares Russell 1000 Value ETF $IWD

Moran Wealth Management LLC increased its holdings in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 4,495.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,120 shares of the exchange traded fund’s stock after acquiring an additional 63,703 shares during the quarter. Moran Wealth Management LLC’s holdings in iShares Russell 1000 Value ETF were worth $13,258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in IWD. JPMorgan Chase & Co. raised its stake in shares of iShares Russell 1000 Value ETF by 140.0% in the second quarter. JPMorgan Chase & Co. now owns 9,153,000 shares of the exchange traded fund’s stock worth $1,777,787,000 after purchasing an additional 32,036,243 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in iShares Russell 1000 Value ETF by 12.7% in the second quarter. Baird Financial Group Inc. now owns 5,275,282 shares of the exchange traded fund’s stock worth $1,024,618,000 after purchasing an additional 593,784 shares during the last quarter. Independence Asset Advisors LLC bought a new stake in iShares Russell 1000 Value ETF in the 2nd quarter worth approximately $59,496,000. Marquette Asset Management LLC raised its stake in iShares Russell 1000 Value ETF by 716.9% during the 2nd quarter. Marquette Asset Management LLC now owns 339,687 shares of the exchange traded fund’s stock valued at $65,977,000 after buying an additional 298,107 shares during the last quarter. Finally, MJP Associates Inc. ADV bought a new position in shares of iShares Russell 1000 Value ETF during the 2nd quarter valued at $35,330,000. Hedge funds and other institutional investors own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Price Performance

IWD stock opened at $214.35 on Thursday. iShares Russell 1000 Value ETF has a 1 year low of $163.19 and a 1 year high of $216.79. The company has a market cap of $71.00 billion, a P/E ratio of 18.83 and a beta of 0.89. The stock’s fifty day moving average price is $208.42 and its 200-day moving average price is $202.76.

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). The Index represents approximately 50% of the total market capitalization of the Russell 1000 Index. The Index measures the large-capital value sector of the United States equity market.