Navellier & Associates Inc. Acquires Shares of 11,650 iShares Russell 1000 Value ETF $IWD

Navellier & Associates Inc. bought a new position in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 11,650 shares of the exchange traded fund’s stock, valued at approximately $898,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in IWD. Wellington Management Group LLP acquired a new stake in shares of iShares Russell 1000 Value ETF in the 2nd quarter worth about $819,000. First Bancorp Inc ME acquired a new position in iShares Russell 1000 Value ETF during the 2nd quarter valued at about $1,546,000. Cullen Capital Management LLC bought a new stake in iShares Russell 1000 Value ETF during the 2nd quarter worth approximately $485,000. Compass Financial Management LLC bought a new stake in iShares Russell 1000 Value ETF during the 2nd quarter worth approximately $492,000. Finally, C M Bidwell & Associates Ltd. purchased a new stake in shares of iShares Russell 1000 Value ETF in the second quarter worth approximately $30,000. 84.93% of the stock is owned by institutional investors.

iShares Russell 1000 Value ETF Stock Up 0.3%

IWD stock opened at $258.33 on Friday. iShares Russell 1000 Value ETF has a twelve month low of $199.13 and a twelve month high of $260.19. The stock’s 50 day moving average is $250.92 and its 200-day moving average is $235.25. The firm has a market capitalization of $83.93 billion, a PE ratio of 18.83 and a beta of 0.83.

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). 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.