First Citizens Asset Management Inc. Purchases Shares of 2,357 iShares Russell 1000 Value ETF $IWD

First Citizens Asset Management Inc. purchased a new position in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,357 shares of the exchange traded fund’s stock, valued at approximately $480,000. iShares Russell 1000 Value ETF comprises about 0.2% of First Citizens Asset Management Inc.’s portfolio, making the stock its 22nd biggest position.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Atlantic Union Bankshares Corp raised its holdings in iShares Russell 1000 Value ETF by 612.7% in the second quarter. Atlantic Union Bankshares Corp now owns 23,036 shares of the exchange traded fund’s stock valued at $4,474,000 after acquiring an additional 19,804 shares in the last quarter. Arkadios Wealth Advisors increased its position in shares of iShares Russell 1000 Value ETF by 25.4% in the 3rd quarter. Arkadios Wealth Advisors now owns 73,261 shares of the exchange traded fund’s stock worth $14,915,000 after purchasing an additional 14,842 shares during the last quarter. Americana Partners LLC raised its stake in shares of iShares Russell 1000 Value ETF by 78.9% in the 3rd quarter. Americana Partners LLC now owns 170,599 shares of the exchange traded fund’s stock valued at $34,732,000 after purchasing an additional 75,256 shares in the last quarter. Joel Adams & Associates Inc. raised its stake in shares of iShares Russell 1000 Value ETF by 93.2% in the 2nd quarter. Joel Adams & Associates Inc. now owns 2,900 shares of the exchange traded fund’s stock valued at $563,000 after purchasing an additional 1,399 shares in the last quarter. Finally, 1ST Source Bank lifted its position in shares of iShares Russell 1000 Value ETF by 0.3% during the second quarter. 1ST Source Bank now owns 677,377 shares of the exchange traded fund’s stock worth $131,567,000 after purchasing an additional 2,259 shares during the last quarter. 84.93% of the stock is owned by institutional investors and hedge funds.

iShares Russell 1000 Value ETF Stock Performance

NYSEARCA:IWD opened at $221.67 on Tuesday. The company has a market capitalization of $69.43 billion, a price-to-earnings ratio of 18.83 and a beta of 0.89. iShares Russell 1000 Value ETF has a one year low of $163.19 and a one year high of $221.89. The stock has a 50-day simple moving average of $213.70 and a 200 day simple moving average of $205.82.

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.