2,004 Shares in iShares Russell 1000 Value ETF $IWD Acquired by Towercrest Capital Management

Towercrest Capital Management bought a new position in iShares Russell 1000 Value ETF (NYSEARCA:IWD) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,004 shares of the exchange traded fund’s stock, valued at approximately $497,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of IWD. Capital Investment Advisors LLC purchased a new stake in shares of iShares Russell 1000 Value ETF in the third quarter valued at approximately $6,532,000. Capital City Trust Co. FL purchased a new position in iShares Russell 1000 Value ETF during the 3rd quarter worth $784,000. Fifth Third Wealth Advisors LLC increased its holdings in iShares Russell 1000 Value ETF by 8.6% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 34,379 shares of the exchange traded fund’s stock worth $8,524,000 after purchasing an additional 2,720 shares during the period. Sterling Capital Management LLC increased its holdings in iShares Russell 1000 Value ETF by 50.3% during the 3rd quarter. Sterling Capital Management LLC now owns 4,178 shares of the exchange traded fund’s stock worth $1,036,000 after purchasing an additional 1,398 shares during the period. Finally, Christensen King & Associates Investment Services Inc. raised its position in iShares Russell 1000 Value ETF by 79.9% during the 3rd quarter. Christensen King & Associates Investment Services Inc. now owns 2,278 shares of the exchange traded fund’s stock valued at $565,000 after purchasing an additional 1,012 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

NYSEARCA IWD traded down $1.63 on Friday, reaching $257.42. 1,109,982 shares of the stock traded hands, compared to its average volume of 2,616,935. iShares Russell 1000 Value ETF has a 12 month low of $199.79 and a 12 month high of $260.19. The company has a market cap of $84.23 billion, a price-to-earnings ratio of 18.83 and a beta of 0.84. The company has a fifty day moving average price of $254.61 and a 200-day moving average price of $244.98.

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.