Fifth Third Bancorp Acquires 910,889 Shares of iShares Russell 1000 Value ETF $IWD

Fifth Third Bancorp boosted its stake in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 324.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,191,768 shares of the exchange traded fund’s stock after purchasing an additional 910,889 shares during the period. Fifth Third Bancorp owned about 0.37% of iShares Russell 1000 Value ETF worth $254,645,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Bank of America Corp DE increased its stake in iShares Russell 1000 Value ETF by 5.4% in 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 fourth quarter. Morgan Stanley now owns 39,663,587 shares of the exchange traded fund’s stock worth $8,342,840,000 after acquiring an additional 3,280,476 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of iShares Russell 1000 Value ETF by 0.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 11,414,192 shares of the exchange traded fund’s stock worth $2,400,861,000 after acquiring an additional 85,365 shares during the period. JPMorgan Chase & Co. raised its stake in iShares Russell 1000 Value ETF by 3.8% during the 4th quarter. JPMorgan Chase & Co. now owns 9,251,710 shares of the exchange traded fund’s stock valued at $1,946,005,000 after purchasing an additional 338,948 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in iShares Russell 1000 Value ETF by 20.3% in the 4th quarter. Wells Fargo & Company MN now owns 5,895,769 shares of the exchange traded fund’s stock worth $1,240,116,000 after purchasing an additional 995,230 shares in the last quarter. Hedge funds and other institutional investors own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Stock Up 0.2%

IWD stock traded up $0.46 during midday trading on Friday, hitting $246.84. The company’s stock had a trading volume of 1,205,873 shares, compared to its average volume of 3,175,791. iShares Russell 1000 Value ETF has a 12 month low of $191.64 and a 12 month high of $249.26. The firm has a market capitalization of $81.47 billion, a price-to-earnings ratio of 18.83 and a beta of 0.84. The company has a 50 day moving average of $239.17 and a two-hundred day moving average of $226.24.

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.