Confluence Investment Management LLC Acquires 549,686 Shares of iShares Russell 1000 Value ETF $IWD

Confluence Investment Management LLC increased its holdings in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 2,904.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 568,609 shares of the exchange traded fund’s stock after purchasing an additional 549,686 shares during the period. iShares Russell 1000 Value ETF makes up about 1.8% of Confluence Investment Management LLC’s holdings, making the stock its 16th biggest holding. Confluence Investment Management LLC’s holdings in iShares Russell 1000 Value ETF were worth $119,601,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SilverOak Wealth Management LLC lifted its stake in iShares Russell 1000 Value ETF by 0.4% in the third quarter. SilverOak Wealth Management LLC now owns 11,234 shares of the exchange traded fund’s stock worth $2,287,000 after purchasing an additional 50 shares during the last quarter. JFG Wealth Management LLC grew its stake in shares of iShares Russell 1000 Value ETF by 0.4% during the third quarter. JFG Wealth Management LLC now owns 12,218 shares of the exchange traded fund’s stock valued at $2,487,000 after buying an additional 53 shares during the last quarter. Tortoise Investment Management LLC grew its stake in shares of iShares Russell 1000 Value ETF by 2.5% during the third quarter. Tortoise Investment Management LLC now owns 2,251 shares of the exchange traded fund’s stock valued at $458,000 after buying an additional 54 shares during the last quarter. Fifth Third Securities Inc. increased its holdings in shares of iShares Russell 1000 Value ETF by 0.6% in the third quarter. Fifth Third Securities Inc. now owns 8,543 shares of the exchange traded fund’s stock worth $1,739,000 after buying an additional 55 shares during the period. Finally, Archford Capital Strategies LLC increased its holdings in shares of iShares Russell 1000 Value ETF by 1.5% in the third quarter. Archford Capital Strategies LLC now owns 3,665 shares of the exchange traded fund’s stock worth $746,000 after buying an additional 55 shares during the period. Institutional investors own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Trading Down 0.1%

NYSEARCA IWD opened at $213.95 on Friday. The firm has a market cap of $66.66 billion, a PE ratio of 18.83 and a beta of 0.89. iShares Russell 1000 Value ETF has a 1-year low of $163.19 and a 1-year high of $226.39. The stock has a 50-day moving average of $220.58 and a 200-day moving average of $211.12.

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.