Traders Purchase Large Volume of iShares Russell 1000 Value ETF Put Options (NYSEARCA:IWD)

iShares Russell 1000 Value ETF (NYSEARCA:IWD) was the target of unusually large options trading on Wednesday. Stock investors bought 7,001 put options on the stock. This is an increase of approximately 528% compared to the average daily volume of 1,114 put options.

Hedge Funds Weigh In On iShares Russell 1000 Value ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Truvestments Capital LLC acquired a new stake in shares of iShares Russell 1000 Value ETF in the first quarter worth $25,000. GKV Capital Management Co. Inc. bought a new position in iShares Russell 1000 Value ETF in the 1st quarter worth $27,000. Clayton Financial Group LLC acquired a new position in iShares Russell 1000 Value ETF during the 3rd quarter worth $27,000. Advantage Trust Co acquired a new position in iShares Russell 1000 Value ETF during the 2nd quarter worth $29,000. Finally, RMG Wealth Management LLC bought a new stake in iShares Russell 1000 Value ETF during the second quarter valued at about $33,000. 84.93% of the stock is currently owned by hedge funds and other institutional investors.

iShares Russell 1000 Value ETF Stock Performance

Shares of NYSEARCA IWD traded up $0.70 during mid-day trading on Wednesday, reaching $212.31. The company had a trading volume of 377,387 shares, compared to its average volume of 2,828,527. The company has a market capitalization of $67.53 billion, a price-to-earnings ratio of 18.83 and a beta of 0.89. The stock has a fifty day moving average of $206.67 and a two-hundred day moving average of $201.11. iShares Russell 1000 Value ETF has a 12-month low of $163.19 and a 12-month high of $213.53.

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.