SVB Wealth LLC Makes New $4.08 Million Investment in iShares Russell 1000 Value ETF (NYSEARCA:IWD)

SVB Wealth LLC bought a new stake in iShares Russell 1000 Value ETF (NYSEARCA:IWD) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 22,018 shares of the exchange traded fund’s stock, valued at approximately $4,076,000.

Other hedge funds have also made changes to their positions in the company. Focus Financial Network Inc. lifted its holdings in shares of iShares Russell 1000 Value ETF by 4.7% in the 3rd quarter. Focus Financial Network Inc. now owns 12,147 shares of the exchange traded fund’s stock worth $2,306,000 after acquiring an additional 546 shares during the last quarter. Lowe Brockenbrough & Co. Inc. raised its position in iShares Russell 1000 Value ETF by 9.5% in the third quarter. Lowe Brockenbrough & Co. Inc. now owns 4,177 shares of the exchange traded fund’s stock valued at $793,000 after purchasing an additional 364 shares during the period. Farther Finance Advisors LLC lifted its stake in iShares Russell 1000 Value ETF by 65.3% during the third quarter. Farther Finance Advisors LLC now owns 5,899 shares of the exchange traded fund’s stock worth $1,120,000 after purchasing an additional 2,331 shares in the last quarter. Symmetry Partners LLC purchased a new position in shares of iShares Russell 1000 Value ETF during the third quarter worth $841,000. Finally, Northern Financial Advisors Inc acquired a new stake in shares of iShares Russell 1000 Value ETF in the third quarter valued at $215,000.

iShares Russell 1000 Value ETF Trading Up 1.3 %

IWD opened at $194.37 on Friday. The stock’s 50-day moving average price is $190.87 and its 200 day moving average price is $190.37. iShares Russell 1000 Value ETF has a 12-month low of $168.85 and a 12-month high of $200.42. The firm has a market cap of $62.52 billion, a price-to-earnings ratio of 19.81 and a beta of 0.98.

iShares Russell 1000 Value ETF Profile

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).