Steel Grove Capital Advisors LLC Invests $4.37 Million in iShares Russell 1000 Value ETF $IWD

Steel Grove Capital Advisors LLC purchased a new position in iShares Russell 1000 Value ETF (NYSEARCA:IWD) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 20,795 shares of the exchange traded fund’s stock, valued at approximately $4,374,000. iShares Russell 1000 Value ETF accounts for about 0.5% of Steel Grove Capital Advisors LLC’s portfolio, making the stock its 25th largest position.

Several other hedge funds and other institutional investors have also made changes to their positions in IWD. Brighton Jones LLC boosted its position in shares of iShares Russell 1000 Value ETF by 8.9% in the 4th quarter. Brighton Jones LLC now owns 36,663 shares of the exchange traded fund’s stock worth $6,787,000 after purchasing an additional 2,981 shares during the last quarter. Bison Wealth LLC boosted its position in shares of iShares Russell 1000 Value ETF by 13.9% in the 4th quarter. Bison Wealth LLC now owns 4,121 shares of the exchange traded fund’s stock worth $763,000 after purchasing an additional 502 shares during the last quarter. Schnieders Capital Management LLC. grew its holdings in iShares Russell 1000 Value ETF by 39.1% during the second quarter. Schnieders Capital Management LLC. now owns 3,876 shares of the exchange traded fund’s stock valued at $753,000 after purchasing an additional 1,089 shares during the period. Qube Research & Technologies Ltd acquired a new position in iShares Russell 1000 Value ETF during the second quarter valued at approximately $3,847,000. Finally, Sei Investments Co. grew its holdings in iShares Russell 1000 Value ETF by 12.7% during the second quarter. Sei Investments Co. now owns 32,275 shares of the exchange traded fund’s stock valued at $6,269,000 after purchasing an additional 3,637 shares during the period. 84.93% of the stock is currently owned by institutional investors.

iShares Russell 1000 Value ETF Stock Performance

Shares of NYSEARCA IWD opened at $238.30 on Wednesday. The stock has a market cap of $76.54 billion, a P/E ratio of 18.83 and a beta of 0.84. The firm has a 50 day moving average price of $224.53 and a 200 day moving average price of $218.39. iShares Russell 1000 Value ETF has a 52-week low of $186.64 and a 52-week high of $238.57.

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.