Northwestern Mutual Wealth Management Co. Reduces Stock Holdings in iShares Russell 1000 Value ETF $IWD

Northwestern Mutual Wealth Management Co. decreased its position in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 91.5% in the 4th quarter, HoldingsChannel reports. The firm owned 38,760 shares of the exchange traded fund’s stock after selling 417,371 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares Russell 1000 Value ETF were worth $8,153,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in IWD. Confluence Investment Management LLC raised its stake in iShares Russell 1000 Value ETF by 2,904.9% in the 4th quarter. Confluence Investment Management LLC now owns 568,609 shares of the exchange traded fund’s stock valued at $119,601,000 after purchasing an additional 549,686 shares during the last quarter. Tcfg Wealth Management LLC grew its holdings in iShares Russell 1000 Value ETF by 12,109.1% in the 3rd quarter. Tcfg Wealth Management LLC now owns 321,587 shares of the exchange traded fund’s stock valued at $65,472,000 after buying an additional 318,953 shares during the period. Allworth Financial LP grew its holdings in iShares Russell 1000 Value ETF by 604.9% in the 4th quarter. Allworth Financial LP now owns 320,484 shares of the exchange traded fund’s stock valued at $67,411,000 after buying an additional 275,022 shares during the period. SMI Advisory Services LLC purchased a new stake in iShares Russell 1000 Value ETF in the 4th quarter valued at about $55,463,000. Finally, Thrivent Financial for Lutherans grew its holdings in iShares Russell 1000 Value ETF by 615.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 291,173 shares of the exchange traded fund’s stock valued at $59,280,000 after buying an additional 250,498 shares during the period. Institutional investors and hedge funds own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Stock Performance

Shares of NYSEARCA:IWD opened at $236.32 on Friday. iShares Russell 1000 Value ETF has a 1 year low of $184.69 and a 1 year high of $237.01. The stock has a market capitalization of $75.91 billion, a P/E ratio of 18.83 and a beta of 0.84. The stock has a 50-day simple moving average of $223.62 and a 200-day simple moving average of $217.82.

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.