Elmwood Wealth Management Inc. Buys New Shares in iShares Russell 1000 Value ETF $IWD

Elmwood Wealth Management Inc. bought a new position in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 4,507 shares of the exchange traded fund’s stock, valued at approximately $948,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Clayton Financial Group LLC bought a new position in shares of iShares Russell 1000 Value ETF in the 3rd quarter valued at about $27,000. Holos Integrated Wealth LLC acquired a new position in shares of iShares Russell 1000 Value ETF during the 4th quarter worth about $31,000. Clarity Asset Management Inc. bought a new stake in shares of iShares Russell 1000 Value ETF in the 2nd quarter valued at about $35,000. Davis Capital Management bought a new stake in shares of iShares Russell 1000 Value ETF in the 3rd quarter valued at about $38,000. Finally, Aberdeen Wealth Management LLC acquired a new stake in iShares Russell 1000 Value ETF in the 2nd quarter valued at about $39,000. 84.93% of the stock is owned by institutional investors.

iShares Russell 1000 Value ETF Stock Performance

iShares Russell 1000 Value ETF stock opened at $211.31 on Monday. iShares Russell 1000 Value ETF has a 52 week low of $163.19 and a 52 week high of $226.39. The stock has a market capitalization of $65.83 billion, a P/E ratio of 18.83 and a beta of 0.89. The stock has a 50-day simple moving average of $220.45 and a 200 day simple moving average of $211.34.

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.