Financial Discovery Group Inc. Takes Position in iShares Russell 1000 Value ETF $IWD

Financial Discovery Group Inc. purchased a new position in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,449 shares of the exchange traded fund’s stock, valued at approximately $1,592,000. iShares Russell 1000 Value ETF comprises 3.7% of Financial Discovery Group Inc.’s investment portfolio, making the stock its 10th biggest holding.

Several other hedge funds have also recently modified their holdings of IWD. Personal CFO Solutions LLC purchased a new stake in iShares Russell 1000 Value ETF in the 4th quarter valued at approximately $1,539,000. Brown Miller Wealth Management LLC purchased a new position in shares of iShares Russell 1000 Value ETF during the 4th quarter worth approximately $1,213,000. SMI Advisory Services LLC acquired a new stake in shares of iShares Russell 1000 Value ETF in the 4th quarter valued at approximately $55,463,000. Massachusetts Financial Services Co. MA lifted its holdings in shares of iShares Russell 1000 Value ETF by 121.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 190,793 shares of the exchange traded fund’s stock valued at $40,131,000 after buying an additional 104,778 shares during the period. Finally, Beacon Investment Advisory Services Inc. boosted its stake in shares of iShares Russell 1000 Value ETF by 1,036.3% in the fourth quarter. Beacon Investment Advisory Services Inc. now owns 24,181 shares of the exchange traded fund’s stock valued at $5,086,000 after buying an additional 22,053 shares in the last quarter. 84.93% of the stock is owned by institutional investors and hedge funds.

iShares Russell 1000 Value ETF Price Performance

Shares of IWD stock opened at $248.03 on Friday. The business’s fifty day moving average price is $240.67 and its 200 day moving average price is $227.49. iShares Russell 1000 Value ETF has a 1-year low of $191.64 and a 1-year high of $250.50. The firm has a market capitalization of $81.81 billion, a PE 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.