Stephens Group Asset Management LLC Trims Stake in iShares Russell 1000 Value ETF $IWD

Stephens Group Asset Management LLC decreased its position in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 7.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 394,433 shares of the exchange traded fund’s stock after selling 33,700 shares during the quarter. iShares Russell 1000 Value ETF comprises approximately 5.6% of Stephens Group Asset Management LLC’s investment portfolio, making the stock its 7th largest position. Stephens Group Asset Management LLC’s holdings in iShares Russell 1000 Value ETF were worth $97,792,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IWD. Timbuktu Capital Management LLC acquired a new stake in shares of iShares Russell 1000 Value ETF during the second quarter worth $25,000. Markowski Investments acquired a new position in iShares Russell 1000 Value ETF in the second quarter valued at $28,000. MBM Wealth Consultants LLC acquired a new position in iShares Russell 1000 Value ETF in the first quarter valued at $29,000. C M Bidwell & Associates Ltd. bought a new stake in iShares Russell 1000 Value ETF during the second quarter valued at $30,000. Finally, RMG Wealth Management LLC bought a new stake in iShares Russell 1000 Value ETF during the first quarter valued at $40,000. Institutional investors and hedge funds own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Stock Performance

Shares of IWD stock traded up $1.13 during mid-day trading on Friday, hitting $253.13. The company’s stock had a trading volume of 731,918 shares, compared to its average volume of 2,660,396. The company’s fifty day simple moving average is $254.75 and its 200-day simple moving average is $241.89. iShares Russell 1000 Value ETF has a 52 week low of $199.40 and a 52 week high of $260.19. The company has a market cap of $82.69 billion, a PE ratio of 18.83 and a beta of 0.84.

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.