Rinkey Investments Lowers Position in iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Rinkey Investments cut its stake in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 2.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,368 shares of the exchange traded fund’s stock after selling 570 shares during the period. iShares Russell 1000 Value ETF accounts for approximately 1.3% of Rinkey Investments’ portfolio, making the stock its 19th largest position. Rinkey Investments’ holdings in iShares Russell 1000 Value ETF were worth $3,554,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Federated Hermes Inc. bought a new position in shares of iShares Russell 1000 Value ETF during the fourth quarter valued at approximately $42,000. Natixis Advisors L.P. increased its stake in shares of iShares Russell 1000 Value ETF by 7.6% during the fourth quarter. Natixis Advisors L.P. now owns 84,853 shares of the exchange traded fund’s stock valued at $14,022,000 after purchasing an additional 5,986 shares in the last quarter. 9258 Wealth Management LLC bought a new stake in iShares Russell 1000 Value ETF in the 4th quarter worth approximately $229,000. Merit Financial Group LLC grew its position in iShares Russell 1000 Value ETF by 68.0% in the 4th quarter. Merit Financial Group LLC now owns 4,052 shares of the exchange traded fund’s stock worth $670,000 after purchasing an additional 1,640 shares during the period. Finally, Axxcess Wealth Management LLC grew its position in iShares Russell 1000 Value ETF by 49.5% in the 4th quarter. Axxcess Wealth Management LLC now owns 10,978 shares of the exchange traded fund’s stock worth $1,814,000 after purchasing an additional 3,636 shares during the period.

iShares Russell 1000 Value ETF Stock Performance

Shares of IWD traded up $1.57 during midday trading on Friday, hitting $188.32. 3,104,880 shares of the company traded hands, compared to its average volume of 1,796,628. The firm has a 50 day moving average of $179.42 and a 200-day moving average of $176.06. iShares Russell 1000 Value ETF has a 52 week low of $143.34 and a 52 week high of $188.47. The stock has a market cap of $58.99 billion, a price-to-earnings ratio of 17.81 and a beta of 0.77.

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).