MV Capital Management Inc. Invests $76.21 Million in iShares Russell 1000 Value ETF $IWD

MV Capital Management Inc. purchased a new stake in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 362,323 shares of the exchange traded fund’s stock, valued at approximately $76,211,000. iShares Russell 1000 Value ETF makes up about 7.3% of MV Capital Management Inc.’s portfolio, making the stock its 2nd largest position.

Other large investors have also made changes to their positions in the company. Morgan Stanley raised its position in iShares Russell 1000 Value ETF by 9.0% during the fourth quarter. Morgan Stanley now owns 39,663,587 shares of the exchange traded fund’s stock valued at $8,342,840,000 after acquiring an additional 3,280,476 shares in the last quarter. Bank of America Corp DE lifted its stake in iShares Russell 1000 Value ETF by 5.4% in the fourth quarter. Bank of America Corp DE now owns 52,256,616 shares of the exchange traded fund’s stock valued at $10,991,657,000 after acquiring an additional 2,686,078 shares during the last quarter. 71 West Capital Partners bought a new stake in iShares Russell 1000 Value ETF in the fourth quarter worth approximately $240,065,000. Wells Fargo & Company MN grew its position in iShares Russell 1000 Value ETF by 20.3% in the fourth quarter. Wells Fargo & Company MN now owns 5,895,769 shares of the exchange traded fund’s stock worth $1,240,116,000 after acquiring an additional 995,230 shares in the last quarter. Finally, Focus Partners Wealth increased its stake in shares of iShares Russell 1000 Value ETF by 151.8% during the 4th quarter. Focus Partners Wealth now owns 1,412,808 shares of the exchange traded fund’s stock worth $297,152,000 after purchasing an additional 851,770 shares during the last quarter. Institutional investors own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Trading Up 0.7%

iShares Russell 1000 Value ETF stock opened at $242.18 on Friday. The company has a market capitalization of $77.79 billion, a P/E ratio of 18.83 and a beta of 0.84. The firm’s fifty day simple moving average is $233.12 and its 200-day simple moving average is $222.49. iShares Russell 1000 Value ETF has a 1-year low of $188.55 and a 1-year high of $245.51.

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.