Tenzing Financial LLC Makes New $570,000 Investment in iShares Russell 1000 Value ETF $IWD

Tenzing Financial LLC purchased a new position in iShares Russell 1000 Value ETF (NYSEARCA:IWD) during the second quarter, Holdings Channel reports. The fund purchased 2,305 shares of the exchange traded fund’s stock, valued at approximately $570,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Bank of America Corp DE lifted its holdings in shares of iShares Russell 1000 Value ETF by 5.4% during the 4th quarter. Bank of America Corp DE now owns 52,256,616 shares of the exchange traded fund’s stock worth $10,991,657,000 after acquiring an additional 2,686,078 shares during the last quarter. Morgan Stanley increased its stake in iShares Russell 1000 Value ETF by 9.0% in the fourth quarter. Morgan Stanley now owns 39,663,587 shares of the exchange traded fund’s stock valued at $8,342,840,000 after acquiring an additional 3,280,476 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in iShares Russell 1000 Value ETF by 0.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 11,414,192 shares of the exchange traded fund’s stock valued at $2,400,861,000 after acquiring an additional 85,365 shares during the last quarter. JPMorgan Chase & Co. raised its position in iShares Russell 1000 Value ETF by 3.8% during the fourth quarter. JPMorgan Chase & Co. now owns 9,251,710 shares of the exchange traded fund’s stock valued at $1,946,005,000 after purchasing an additional 338,948 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in iShares Russell 1000 Value ETF by 20.3% during the fourth quarter. Wells Fargo & Company MN now owns 5,895,769 shares of the exchange traded fund’s stock valued at $1,240,116,000 after purchasing an additional 995,230 shares in the last quarter. Hedge funds and other institutional investors own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Price Performance

Shares of IWD stock opened at $257.56 on Monday. The business has a 50-day moving average price of $245.52 and a two-hundred day moving average price of $231.37. iShares Russell 1000 Value ETF has a 12-month low of $194.80 and a 12-month high of $257.83. The firm has a market cap of $83.68 billion, a P/E ratio of 18.83 and a beta of 0.83.

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.