FMA Wealth Management LLC Takes $10.08 Million Position in iShares Russell 1000 Value ETF (NYSEARCA:IWD)

FMA Wealth Management LLC bought a new stake in iShares Russell 1000 Value ETF (NYSEARCA:IWD) in the 4th quarter, Holdings Channel reports. The firm bought 61,015 shares of the exchange traded fund’s stock, valued at approximately $10,083,000. iShares Russell 1000 Value ETF makes up approximately 9.2% of FMA Wealth Management LLC’s portfolio, making the stock its 4th largest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in IWD. WealthPlan Investment Management LLC bought a new position in shares of iShares Russell 1000 Value ETF in the third quarter valued at $444,000. Principal Financial Group Inc. grew its stake in shares of iShares Russell 1000 Value ETF by 9.2% in the third quarter. Principal Financial Group Inc. now owns 88,033 shares of the exchange traded fund’s stock valued at $13,365,000 after buying an additional 7,385 shares in the last quarter. SageView Advisory Group LLC grew its stake in shares of iShares Russell 1000 Value ETF by 26.1% in the third quarter. SageView Advisory Group LLC now owns 1,824 shares of the exchange traded fund’s stock valued at $277,000 after buying an additional 378 shares in the last quarter. MGO One Seven LLC boosted its position in iShares Russell 1000 Value ETF by 7.9% during the third quarter. MGO One Seven LLC now owns 3,122 shares of the exchange traded fund’s stock worth $474,000 after purchasing an additional 228 shares during the period. Finally, Lincoln National Corp boosted its position in iShares Russell 1000 Value ETF by 1.2% during the third quarter. Lincoln National Corp now owns 98,140 shares of the exchange traded fund’s stock worth $14,900,000 after purchasing an additional 1,168 shares during the period.

iShares Russell 1000 Value ETF Price Performance

IWD stock traded up $0.99 during midday trading on Friday, reaching $176.55. 1,051,873 shares of the company were exchanged, compared to its average volume of 1,954,916. The business has a 50-day moving average price of $175.16 and a two-hundred day moving average price of $167.67. iShares Russell 1000 Value ETF has a one year low of $143.34 and a one year high of $179.56. The firm has a market capitalization of $55.30 billion, a price-to-earnings ratio of 17.81 and a beta of 0.77.

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).