Independent Financial Group LLC Makes New Investment in iShares Russell 1000 Value ETF $IWD

Independent Financial Group LLC purchased a new stake in iShares Russell 1000 Value ETF (NYSEARCA:IWD) during the 1st quarter, HoldingsChannel reports. The fund purchased 4,489 shares of the exchange traded fund’s stock, valued at approximately $959,000.

A number of other large investors have also recently modified their holdings of IWD. Reyes Financial Architecture Inc. bought a new position in shares of iShares Russell 1000 Value ETF in the fourth quarter worth approximately $25,000. IFC & Insurance Marketing Inc. bought a new stake in iShares Russell 1000 Value ETF during the fourth quarter valued at approximately $28,000. MBM Wealth Consultants LLC bought a new stake in iShares Russell 1000 Value ETF during the first quarter valued at approximately $29,000. Grand Wealth Management LLC purchased a new position in iShares Russell 1000 Value ETF in the 4th quarter worth approximately $31,000. Finally, Heritage Wealth Advisors bought a new position in shares of iShares Russell 1000 Value ETF in the 4th quarter worth $31,000. Institutional investors own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Stock Performance

iShares Russell 1000 Value ETF stock opened at $246.96 on Tuesday. The firm’s fifty day moving average price is $240.92 and its 200-day moving average price is $227.84. The stock has a market cap of $81.55 billion, a P/E ratio of 18.83 and a beta of 0.84. iShares Russell 1000 Value ETF has a fifty-two week low of $191.64 and a fifty-two week high of $250.50.

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.