PNC Financial Services Group Inc. Has $690.51 Million Position in iShares Russell 1000 Value ETF $IWD

PNC Financial Services Group Inc. trimmed its stake in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 0.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,391,670 shares of the exchange traded fund’s stock after selling 21,123 shares during the quarter. PNC Financial Services Group Inc. owned approximately 1.07% of iShares Russell 1000 Value ETF worth $690,510,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in IWD. SilverOak Wealth Management LLC increased its holdings in shares of iShares Russell 1000 Value ETF by 0.4% during the third quarter. SilverOak Wealth Management LLC now owns 11,234 shares of the exchange traded fund’s stock worth $2,287,000 after buying an additional 50 shares in the last quarter. Crestwood Advisors Group LLC grew its position in iShares Russell 1000 Value ETF by 1.7% during the 2nd quarter. Crestwood Advisors Group LLC now owns 3,159 shares of the exchange traded fund’s stock worth $614,000 after acquiring an additional 52 shares during the last quarter. Rathbones Group PLC increased its holdings in iShares Russell 1000 Value ETF by 3.0% in the 2nd quarter. Rathbones Group PLC now owns 1,799 shares of the exchange traded fund’s stock worth $349,000 after purchasing an additional 52 shares in the last quarter. JFG Wealth Management LLC raised its position in iShares Russell 1000 Value ETF by 0.4% in the third quarter. JFG Wealth Management LLC now owns 12,218 shares of the exchange traded fund’s stock valued at $2,487,000 after purchasing an additional 53 shares during the last quarter. Finally, Golden Road Advisors LLC raised its position in iShares Russell 1000 Value ETF by 1.3% in the second quarter. Golden Road Advisors LLC now owns 4,137 shares of the exchange traded fund’s stock valued at $804,000 after purchasing an additional 54 shares during the last quarter. Institutional investors own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Trading Up 0.7%

NYSEARCA:IWD opened at $223.71 on Friday. The stock has a market cap of $69.70 billion, a P/E ratio of 18.83 and a beta of 0.89. The stock’s 50-day moving average is $216.25 and its 200-day moving average is $207.37. iShares Russell 1000 Value ETF has a 1-year low of $163.19 and a 1-year high of $226.39.

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). 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.