Argos Wealth Advisors LLC Invests $2.67 Million in iShares Russell 1000 Value ETF $IWD

Argos Wealth Advisors LLC bought a new position in iShares Russell 1000 Value ETF (NYSEARCA:IWD) during the 4th quarter, Holdings Channel.com reports. The fund bought 12,711 shares of the exchange traded fund’s stock, valued at approximately $2,674,000. iShares Russell 1000 Value ETF makes up approximately 0.8% of Argos Wealth Advisors LLC’s holdings, making the stock its 16th biggest holding.

Several other hedge funds have also recently modified their holdings of the stock. Sax Wealth Advisors LLC lifted its holdings in shares of iShares Russell 1000 Value ETF by 0.5% in the fourth quarter. Sax Wealth Advisors LLC now owns 9,571 shares of the exchange traded fund’s stock worth $2,013,000 after buying an additional 49 shares in the last quarter. Capital Advantage Inc. lifted its holdings in shares of iShares Russell 1000 Value ETF by 0.9% in the fourth quarter. Capital Advantage Inc. now owns 5,850 shares of the exchange traded fund’s stock worth $1,231,000 after buying an additional 51 shares in the last quarter. JFG Wealth Management LLC lifted its holdings in shares of iShares Russell 1000 Value ETF by 0.4% in the third quarter. JFG Wealth Management LLC now owns 12,218 shares of the exchange traded fund’s stock worth $2,487,000 after buying an additional 53 shares in the last quarter. Tortoise Investment Management LLC lifted its holdings in shares of iShares Russell 1000 Value ETF by 2.5% in the third quarter. Tortoise Investment Management LLC now owns 2,251 shares of the exchange traded fund’s stock worth $458,000 after buying an additional 54 shares in the last quarter. Finally, ESL Trust Services LLC lifted its holdings in shares of iShares Russell 1000 Value ETF by 11.9% in the third quarter. ESL Trust Services LLC now owns 536 shares of the exchange traded fund’s stock worth $109,000 after buying an additional 57 shares in the last quarter. Hedge funds and other institutional investors own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Stock Performance

IWD stock opened at $234.21 on Wednesday. The company has a market capitalization of $75.23 billion, a PE ratio of 18.83 and a beta of 0.84. The company’s fifty day moving average price is $221.46 and its 200-day moving average price is $216.30. iShares Russell 1000 Value ETF has a one year low of $184.69 and a one year high of $235.11.

iShares Russell 1000 Value ETF 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.