iShares Russell 1000 Value ETF $IWD is AlphaCentric Advisors LLC’s 3rd Largest Position

AlphaCentric Advisors LLC grew its holdings in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 40.7% in the 1st quarter, HoldingsChannel reports. The firm owned 11,825 shares of the exchange traded fund’s stock after acquiring an additional 3,418 shares during the quarter. iShares Russell 1000 Value ETF accounts for approximately 2.5% of AlphaCentric Advisors LLC’s investment portfolio, making the stock its 3rd biggest holding. AlphaCentric Advisors LLC’s holdings in iShares Russell 1000 Value ETF were worth $2,527,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Reyes Financial Architecture Inc. purchased a new position in shares of iShares Russell 1000 Value ETF during the 4th quarter valued at $25,000. IFC & Insurance Marketing Inc. bought a new position in shares of iShares Russell 1000 Value ETF in the fourth quarter valued at approximately $28,000. MBM Wealth Consultants LLC purchased a new position in shares of iShares Russell 1000 Value ETF during the 1st quarter valued at $29,000. Heritage Wealth Advisors purchased a new position in iShares Russell 1000 Value ETF during the fourth quarter worth about $31,000. Finally, Grand Wealth Management LLC bought a new position in shares of iShares Russell 1000 Value ETF in the fourth quarter worth approximately $31,000. Institutional investors own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Stock Performance

iShares Russell 1000 Value ETF stock opened at $248.03 on Monday. The firm’s fifty day moving average price is $240.67 and its 200-day moving average price is $227.60. iShares Russell 1000 Value ETF has a fifty-two week low of $191.64 and a fifty-two week high of $250.50. The stock has a market cap of $81.81 billion, a P/E ratio of 18.83 and a beta of 0.84.

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.