Nolet Wealth Management LLC Takes Position in iShares Russell 1000 Value ETF $IWD

Nolet Wealth Management LLC acquired a new position in iShares Russell 1000 Value ETF (NYSEARCA:IWD) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 11,725 shares of the exchange traded fund’s stock, valued at approximately $2,466,000. iShares Russell 1000 Value ETF comprises 1.4% of Nolet Wealth Management LLC’s investment portfolio, making the stock its 14th biggest holding.

Other institutional investors have also recently modified their holdings of the company. Reyes Financial Architecture Inc. purchased a new stake in iShares Russell 1000 Value ETF in the fourth quarter valued at approximately $25,000. IFC & Insurance Marketing Inc. purchased a new position in iShares Russell 1000 Value ETF during the 4th quarter worth approximately $28,000. Holos Integrated Wealth LLC purchased a new position in iShares Russell 1000 Value ETF during the 4th quarter worth approximately $31,000. Grand Wealth Management LLC acquired a new stake in iShares Russell 1000 Value ETF during the 4th quarter valued at approximately $31,000. Finally, Heritage Wealth Advisors acquired a new stake in iShares Russell 1000 Value ETF during the 4th quarter valued at approximately $31,000. 84.93% of the stock is currently owned by hedge funds and other institutional investors.

iShares Russell 1000 Value ETF Price Performance

IWD stock opened at $242.18 on Friday. The firm’s fifty day simple moving average is $233.12 and its 200-day simple moving average is $222.49. The company has a market capitalization of $77.79 billion, a P/E ratio of 18.83 and a beta of 0.84. iShares Russell 1000 Value ETF has a 12 month low of $188.55 and a 12 month high of $245.51.

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.