Promus Capital LLC Takes Position in iShares Russell 1000 Value ETF $IWD

Promus Capital LLC bought a new stake in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,342 shares of the exchange traded fund’s stock, valued at approximately $477,000.

Several other large investors have also recently made changes to their positions in IWD. Clayton Financial Group LLC purchased a new stake in shares of iShares Russell 1000 Value ETF in the 3rd quarter valued at approximately $27,000. Clarity Asset Management Inc. purchased a new stake in shares of iShares Russell 1000 Value ETF in the 2nd quarter valued at approximately $35,000. Davis Capital Management purchased a new position in shares of iShares Russell 1000 Value ETF during the 3rd quarter worth approximately $38,000. Aberdeen Wealth Management LLC acquired a new position in iShares Russell 1000 Value ETF during the second quarter worth $39,000. Finally, Federated Hermes Inc. acquired a new position in shares of iShares Russell 1000 Value ETF in the third quarter valued at approximately $41,000. 84.93% of the stock is currently owned by hedge funds and other institutional investors.

iShares Russell 1000 Value ETF Price Performance

IWD stock opened at $218.72 on Tuesday. iShares Russell 1000 Value ETF has a 1 year low of $163.19 and a 1 year high of $226.39. The firm has a market capitalization of $68.14 billion, a P/E ratio of 18.83 and a beta of 0.89. The business’s 50-day moving average is $220.17 and its two-hundred day moving average is $210.44.

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.