AMG National Trust Bank Boosts Position in iShares Russell 1000 Value ETF $IWD

AMG National Trust Bank raised its position in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 3.5% in the 1st quarter, Holdings Channel reports. The firm owned 130,652 shares of the exchange traded fund’s stock after buying an additional 4,391 shares during the quarter. AMG National Trust Bank’s holdings in iShares Russell 1000 Value ETF were worth $27,916,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in IWD. Reyes Financial Architecture Inc. purchased a new stake in shares of iShares Russell 1000 Value ETF in the fourth quarter worth $25,000. IFC & Insurance Marketing Inc. bought a new stake in iShares Russell 1000 Value ETF during the fourth quarter valued at approximately $28,000. MBM Wealth Consultants LLC bought a new stake in iShares Russell 1000 Value ETF during the first quarter valued at approximately $29,000. Holos Integrated Wealth LLC purchased a new position in iShares Russell 1000 Value ETF in the 4th quarter worth approximately $31,000. Finally, Grand Wealth Management LLC purchased a new position in iShares Russell 1000 Value ETF in the 4th quarter worth approximately $31,000. 84.93% of the stock is currently owned by hedge funds and other institutional investors.

iShares Russell 1000 Value ETF Price Performance

Shares of NYSEARCA:IWD opened at $247.62 on Tuesday. The company’s fifty day moving average price is $239.50 and its 200-day moving average price is $226.60. iShares Russell 1000 Value ETF has a one year low of $191.64 and a one year high of $249.26. The firm has a market capitalization of $81.73 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.