Cornell Pochily Investment Advisors Inc. Makes New Investment in iShares Russell 1000 Value ETF $IWD

Cornell Pochily Investment Advisors Inc. bought a new stake in iShares Russell 1000 Value ETF (NYSEARCA:IWD) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,464 shares of the exchange traded fund’s stock, valued at approximately $740,000.

Several other hedge funds also recently made changes to their positions in IWD. Morgan Stanley grew its stake in iShares Russell 1000 Value ETF by 9.0% in the fourth quarter. Morgan Stanley now owns 39,663,587 shares of the exchange traded fund’s stock worth $8,342,840,000 after purchasing an additional 3,280,476 shares during the period. Bank of America Corp DE raised its holdings in iShares Russell 1000 Value ETF by 5.4% in the fourth quarter. Bank of America Corp DE now owns 52,256,616 shares of the exchange traded fund’s stock worth $10,991,657,000 after purchasing an additional 2,686,078 shares in the last quarter. 71 West Capital Partners purchased a new position in iShares Russell 1000 Value ETF during the fourth quarter valued at $240,065,000. Wells Fargo & Company MN lifted its position in iShares Russell 1000 Value ETF by 20.3% during the fourth quarter. Wells Fargo & Company MN now owns 5,895,769 shares of the exchange traded fund’s stock valued at $1,240,116,000 after buying an additional 995,230 shares during the period. Finally, Focus Partners Wealth boosted its holdings in shares of iShares Russell 1000 Value ETF by 151.8% during the 4th quarter. Focus Partners Wealth now owns 1,412,808 shares of the exchange traded fund’s stock valued at $297,152,000 after buying an additional 851,770 shares in the last quarter. 84.93% of the stock is currently owned by institutional investors.

iShares Russell 1000 Value ETF Trading Up 0.6%

Shares of IWD stock opened at $243.53 on Tuesday. The company’s fifty day moving average price is $233.93 and its 200-day moving average price is $222.97. The stock has a market cap of $78.22 billion, a PE ratio of 18.83 and a beta of 0.84. iShares Russell 1000 Value ETF has a 12 month low of $188.55 and a 12 month high of $245.51.

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). 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.