iShares Russell 1000 Value ETF $IWD Stock Position Reduced by Ballast Inc.

Ballast Inc. cut its holdings in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 5.5% during the third quarter, Holdings Channel.com reports. The fund owned 70,071 shares of the exchange traded fund’s stock after selling 4,043 shares during the period. iShares Russell 1000 Value ETF accounts for approximately 3.2% of Ballast Inc.’s portfolio, making the stock its 8th largest position. Ballast Inc.’s holdings in iShares Russell 1000 Value ETF were worth $17,373,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Retirement Wealth Solutions LLC boosted its holdings in shares of iShares Russell 1000 Value ETF by 11.5% during the 2nd quarter. Retirement Wealth Solutions LLC now owns 377 shares of the exchange traded fund’s stock valued at $91,000 after purchasing an additional 39 shares during the last quarter. Simplicity Wealth LLC boosted its holdings in iShares Russell 1000 Value ETF by 0.3% during the 1st quarter. Simplicity Wealth LLC now owns 16,034 shares of the exchange traded fund’s stock valued at $3,426,000 after acquiring an additional 44 shares during the period. Falcon Wealth Planning grew its holdings in shares of iShares Russell 1000 Value ETF by 3.9% in the first quarter. Falcon Wealth Planning now owns 1,204 shares of the exchange traded fund’s stock worth $257,000 after purchasing an additional 45 shares during the last quarter. Members Wealth LLC increased its holdings in iShares Russell 1000 Value ETF by 3.6% during the 1st quarter. Members Wealth LLC now owns 1,330 shares of the exchange traded fund’s stock worth $301,000 after purchasing an additional 46 shares during the period. Finally, Grant Street Asset Management Inc. grew its holdings in iShares Russell 1000 Value ETF by 0.4% during the 1st quarter. Grant Street Asset Management Inc. now owns 12,762 shares of the exchange traded fund’s stock worth $2,727,000 after acquiring an additional 51 shares in the last quarter. 84.93% of the stock is owned by hedge funds and other institutional investors.

iShares Russell 1000 Value ETF Stock Performance

IWD stock traded up $1.69 during trading on Tuesday, reaching $257.12. 659,176 shares of the company traded hands, compared to its average volume of 2,625,017. The company has a market capitalization of $84.13 billion, a price-to-earnings ratio of 18.83 and a beta of 0.84. iShares Russell 1000 Value ETF has a 12 month low of $199.79 and a 12 month high of $260.19. The business has a 50 day simple moving average of $254.62 and a 200 day simple moving average of $243.98.

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.