Bay Capital Advisors LLC Invests $368,000 in iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Bay Capital Advisors LLC bought a new position in iShares Russell 1000 Value ETF (NYSEARCA:IWD) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,987 shares of the exchange traded fund’s stock, valued at approximately $368,000.

Other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in iShares Russell 1000 Value ETF in the fourth quarter worth $972,637,000. M&T Bank Corp grew its position in shares of iShares Russell 1000 Value ETF by 4.9% during the 4th quarter. M&T Bank Corp now owns 3,720,837 shares of the exchange traded fund’s stock valued at $688,838,000 after purchasing an additional 173,058 shares in the last quarter. LPL Financial LLC increased its stake in iShares Russell 1000 Value ETF by 12.9% in the 4th quarter. LPL Financial LLC now owns 3,720,195 shares of the exchange traded fund’s stock worth $688,720,000 after acquiring an additional 426,218 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in iShares Russell 1000 Value ETF by 4.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,386,955 shares of the exchange traded fund’s stock valued at $627,027,000 after purchasing an additional 139,689 shares during the last quarter. Finally, Prudential Financial Inc. increased its stake in iShares Russell 1000 Value ETF by 52.8% in the fourth quarter. Prudential Financial Inc. now owns 2,966,613 shares of the exchange traded fund’s stock valued at $549,209,000 after acquiring an additional 1,025,357 shares during the last quarter.

iShares Russell 1000 Value ETF Stock Performance

Shares of iShares Russell 1000 Value ETF stock opened at $189.75 on Tuesday. The company has a fifty day moving average of $191.44 and a 200-day moving average of $190.74. iShares Russell 1000 Value ETF has a 52-week low of $168.85 and a 52-week high of $200.42. The stock has a market capitalization of $61.37 billion, a price-to-earnings ratio of 19.31 and a beta of 0.97.

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).