PNC Financial Services Group Inc. Has $723.48 Million Stake in iShares Russell 1000 Value ETF $IWD

PNC Financial Services Group Inc. lessened its holdings in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 4.8% during the first quarter, HoldingsChannel.com reports. The firm owned 3,385,962 shares of the exchange traded fund’s stock after selling 171,627 shares during the quarter. PNC Financial Services Group Inc.’s holdings in iShares Russell 1000 Value ETF were worth $723,478,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Morgan Stanley boosted its stake in shares of iShares Russell 1000 Value ETF by 9.0% in 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 buying an additional 3,280,476 shares during the period. Bank of America Corp DE increased its stake in iShares Russell 1000 Value ETF by 5.4% during the 4th quarter. Bank of America Corp DE now owns 52,256,616 shares of the exchange traded fund’s stock worth $10,991,657,000 after acquiring an additional 2,686,078 shares during the period. 71 West Capital Partners acquired a new position in iShares Russell 1000 Value ETF in the 4th quarter valued at $240,065,000. Wells Fargo & Company MN raised its holdings in iShares Russell 1000 Value ETF by 20.3% in the 4th quarter. Wells Fargo & Company MN now owns 5,895,769 shares of the exchange traded fund’s stock valued at $1,240,116,000 after acquiring an additional 995,230 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of iShares Russell 1000 Value ETF by 324.3% during the 1st quarter. Fifth Third Bancorp now owns 1,191,768 shares of the exchange traded fund’s stock valued at $254,645,000 after acquiring an additional 910,889 shares during the period. 84.93% of the stock is owned by institutional investors.

iShares Russell 1000 Value ETF Stock Performance

IWD opened at $247.44 on Wednesday. iShares Russell 1000 Value ETF has a 52-week low of $191.64 and a 52-week high of $250.50. The firm has a market cap of $81.70 billion, a P/E ratio of 18.83 and a beta of 0.84. The business’s fifty day moving average is $241.19 and its 200-day moving average is $228.11.

iShares Russell 1000 Value ETF Company 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). 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.