NFJ Investment Group LLC Purchases 38,828 Shares of iShares Russell 1000 Value ETF $IWD

NFJ Investment Group LLC boosted its position in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 1,705.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 41,105 shares of the exchange traded fund’s stock after buying an additional 38,828 shares during the quarter. NFJ Investment Group LLC’s holdings in iShares Russell 1000 Value ETF were worth $8,646,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sax Wealth Advisors LLC raised its holdings in iShares Russell 1000 Value ETF by 0.5% during the 4th quarter. Sax Wealth Advisors LLC now owns 9,571 shares of the exchange traded fund’s stock worth $2,013,000 after purchasing an additional 49 shares during the last quarter. Cibc World Market Inc. raised its holdings in iShares Russell 1000 Value ETF by 3.1% during the 4th quarter. Cibc World Market Inc. now owns 1,646 shares of the exchange traded fund’s stock worth $346,000 after purchasing an additional 49 shares during the last quarter. Capital Advantage Inc. raised its holdings in iShares Russell 1000 Value ETF by 0.9% during the 4th quarter. Capital Advantage Inc. now owns 5,850 shares of the exchange traded fund’s stock worth $1,231,000 after purchasing an additional 51 shares during the last quarter. Tortoise Investment Management LLC raised its holdings in iShares Russell 1000 Value ETF by 2.5% during the 3rd quarter. Tortoise Investment Management LLC now owns 2,251 shares of the exchange traded fund’s stock worth $458,000 after purchasing an additional 54 shares during the last quarter. Finally, Greenwood Gearhart Inc. raised its holdings in iShares Russell 1000 Value ETF by 1.8% during the 3rd quarter. Greenwood Gearhart Inc. now owns 3,215 shares of the exchange traded fund’s stock worth $655,000 after purchasing an additional 57 shares during the last quarter. 84.93% of the stock is owned by institutional investors.

iShares Russell 1000 Value ETF Trading Up 1.0%

Shares of NYSEARCA:IWD opened at $242.13 on Friday. The stock has a market capitalization of $77.77 billion, a P/E ratio of 18.83 and a beta of 0.84. iShares Russell 1000 Value ETF has a 1-year low of $188.55 and a 1-year high of $243.00. The business has a 50-day moving average price of $231.02 and a two-hundred day moving average price of $221.41.

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.