Applied Finance Capital Management LLC Sells 85,830 Shares of iShares Russell 1000 Value ETF $IWD

Applied Finance Capital Management LLC trimmed its position in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 88.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,205 shares of the exchange traded fund’s stock after selling 85,830 shares during the quarter. Applied Finance Capital Management LLC’s holdings in iShares Russell 1000 Value ETF were worth $2,394,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in shares of iShares Russell 1000 Value ETF by 5.4% during the 4th 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 buying an additional 2,686,078 shares in the last quarter. Morgan Stanley boosted its stake in shares of iShares Russell 1000 Value ETF by 9.0% in the 4th quarter. Morgan Stanley now owns 39,663,587 shares of the exchange traded fund’s stock valued at $8,342,840,000 after purchasing an additional 3,280,476 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in iShares Russell 1000 Value ETF by 0.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 11,414,192 shares of the exchange traded fund’s stock valued at $2,400,861,000 after purchasing an additional 85,365 shares during the last quarter. JPMorgan Chase & Co. boosted its position in iShares Russell 1000 Value ETF by 3.8% in the fourth quarter. JPMorgan Chase & Co. now owns 9,251,710 shares of the exchange traded fund’s stock valued at $1,946,005,000 after buying an additional 338,948 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of iShares Russell 1000 Value ETF by 20.3% during the 4th 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 acquiring an additional 995,230 shares in the last quarter. 84.93% of the stock is currently owned by institutional investors and hedge funds.

iShares Russell 1000 Value ETF Price Performance

Shares of IWD stock opened at $246.84 on Monday. The stock’s fifty day simple moving average is $239.17 and its 200 day simple moving average is $226.35. iShares Russell 1000 Value ETF has a twelve month low of $191.64 and a twelve month high of $249.26. The firm has a market capitalization of $81.47 billion, a P/E ratio of 18.83 and a beta of 0.84.

iShares Russell 1000 Value ETF Company 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.