Bessemer Group Inc. Grows Holdings in iShares Russell 1000 Value ETF $IWD

Bessemer Group Inc. lifted its stake in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 39.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,394 shares of the exchange traded fund’s stock after buying an additional 20,275 shares during the quarter. Bessemer Group Inc.’s holdings in iShares Russell 1000 Value ETF were worth $15,254,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. SteelPeak Wealth LLC raised its stake in shares of iShares Russell 1000 Value ETF by 76.3% in the 1st quarter. SteelPeak Wealth LLC now owns 1,874 shares of the exchange traded fund’s stock valued at $400,000 after purchasing an additional 811 shares in the last quarter. Independent Financial Group LLC acquired a new position in iShares Russell 1000 Value ETF in the first quarter worth about $959,000. Prosperity Consulting Group LLC increased its holdings in iShares Russell 1000 Value ETF by 45.9% in the first quarter. Prosperity Consulting Group LLC now owns 27,474 shares of the exchange traded fund’s stock valued at $5,870,000 after buying an additional 8,638 shares during the last quarter. Frazier Financial Advisors LLC raised its stake in iShares Russell 1000 Value ETF by 513.0% during the first quarter. Frazier Financial Advisors LLC now owns 662 shares of the exchange traded fund’s stock valued at $141,000 after buying an additional 554 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in iShares Russell 1000 Value ETF by 5.3% during the first quarter. Bank of New York Mellon Corp now owns 903,575 shares of the exchange traded fund’s stock valued at $193,067,000 after buying an additional 45,283 shares in the last quarter. Institutional investors own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Stock Down 0.6%

NYSEARCA:IWD opened at $248.03 on Friday. The business’s 50 day moving average is $240.67 and its two-hundred day moving average is $227.49. iShares Russell 1000 Value ETF has a 52 week low of $191.64 and a 52 week high of $250.50. The company has a market cap of $81.81 billion, a PE 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.