Applied Finance Capital Management LLC Boosts Stock Position in iShares Russell 1000 Value ETF $IWD

Applied Finance Capital Management LLC increased its stake in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 1,432.7% in the fourth quarter, HoldingsChannel reports. The firm owned 97,035 shares of the exchange traded fund’s stock after buying an additional 90,704 shares during the quarter. iShares Russell 1000 Value ETF makes up approximately 1.5% of Applied Finance Capital Management LLC’s holdings, making the stock its 24th biggest holding. Applied Finance Capital Management LLC’s holdings in iShares Russell 1000 Value ETF were worth $20,410,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. grew its holdings in iShares Russell 1000 Value ETF by 1.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 6,693,245 shares of the exchange traded fund’s stock valued at $1,362,678,000 after buying an additional 93,461 shares during the period. Raymond James Financial Inc. lifted its position in iShares Russell 1000 Value ETF by 3.5% during the 3rd quarter. Raymond James Financial Inc. now owns 5,154,926 shares of the exchange traded fund’s stock worth $1,049,492,000 after acquiring an additional 176,135 shares in the last quarter. Northern Trust Corp lifted its position in iShares Russell 1000 Value ETF by 3.4% during the 3rd quarter. Northern Trust Corp now owns 4,886,290 shares of the exchange traded fund’s stock worth $994,800,000 after acquiring an additional 162,782 shares in the last quarter. M&T Bank Corp raised its position in shares of iShares Russell 1000 Value ETF by 0.9% in the 4th quarter. M&T Bank Corp now owns 3,785,045 shares of the exchange traded fund’s stock valued at $796,147,000 after purchasing an additional 32,694 shares in the last quarter. Finally, Truist Financial Corp raised its position in shares of iShares Russell 1000 Value ETF by 4.7% in the 4th quarter. Truist Financial Corp now owns 2,344,574 shares of the exchange traded fund’s stock valued at $493,158,000 after purchasing an additional 105,648 shares in the last quarter. Hedge funds and other institutional investors own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Stock Down 1.3%

Shares of IWD opened at $232.18 on Friday. iShares Russell 1000 Value ETF has a 52-week low of $184.69 and a 52-week high of $236.01. The firm has a market cap of $74.58 billion, a price-to-earnings ratio of 18.83 and a beta of 0.84. The business’s 50 day moving average is $222.09 and its two-hundred day moving average is $216.82.

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.