Sterling Capital Management LLC Cuts Stock Position in iShares Russell 1000 Value ETF $IWD

Sterling Capital Management LLC cut its position in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 98.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,178 shares of the exchange traded fund’s stock after selling 59,801 shares during the quarter. Sterling Capital Management LLC’s holdings in iShares Russell 1000 Value ETF were worth $252,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Brown Miller Wealth Management LLC bought a new stake in shares of iShares Russell 1000 Value ETF in the 4th quarter worth $1,213,000. Personal CFO Solutions LLC bought a new position in shares of iShares Russell 1000 Value ETF during the fourth quarter valued at $1,539,000. Brass Tax Wealth Management Inc. purchased a new stake in shares of iShares Russell 1000 Value ETF during the third quarter valued at $753,000. Massachusetts Financial Services Co. MA boosted its position in shares of iShares Russell 1000 Value ETF by 121.8% during the fourth 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 last quarter. Finally, SMI Advisory Services LLC bought a new stake in iShares Russell 1000 Value ETF in the 4th quarter worth about $55,463,000. 84.93% of the stock is owned by hedge funds and other institutional investors.

iShares Russell 1000 Value ETF Stock Performance

Shares of NYSEARCA:IWD opened at $246.81 on Monday. iShares Russell 1000 Value ETF has a fifty-two week low of $191.64 and a fifty-two week high of $246.94. The business has a 50-day simple moving average of $237.24 and a two-hundred day simple moving average of $225.04. The firm has a market cap of $80.94 billion, a price-to-earnings 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.