NewEdge Wealth LLC Purchases 40,062 Shares of iShares Russell 1000 Value ETF $IWD

NewEdge Wealth LLC increased its position in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 83.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 88,296 shares of the exchange traded fund’s stock after purchasing an additional 40,062 shares during the period. NewEdge Wealth LLC’s holdings in iShares Russell 1000 Value ETF were worth $18,572,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its stake in iShares Russell 1000 Value ETF by 1.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 6,693,245 shares of the exchange traded fund’s stock valued at $1,362,678,000 after purchasing an additional 93,461 shares in the last quarter. Raymond James Financial Inc. lifted its stake in shares of iShares Russell 1000 Value ETF by 3.5% in the third quarter. Raymond James Financial Inc. now owns 5,154,926 shares of the exchange traded fund’s stock valued at $1,049,492,000 after buying an additional 176,135 shares in the last quarter. Northern Trust Corp lifted its stake in shares of iShares Russell 1000 Value ETF by 3.4% in the third quarter. Northern Trust Corp now owns 4,886,290 shares of the exchange traded fund’s stock valued at $994,800,000 after buying an additional 162,782 shares in the last quarter. M&T Bank Corp grew its holdings in shares of iShares Russell 1000 Value ETF by 0.9% during the fourth quarter. M&T Bank Corp now owns 3,785,045 shares of the exchange traded fund’s stock valued at $796,147,000 after buying an additional 32,694 shares during the last quarter. Finally, Truist Financial Corp increased its position in shares of iShares Russell 1000 Value ETF by 4.7% during the fourth quarter. Truist Financial Corp now owns 2,344,574 shares of the exchange traded fund’s stock worth $493,158,000 after acquiring an additional 105,648 shares in the last quarter. Institutional investors own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Price Performance

IWD opened at $233.90 on Friday. iShares Russell 1000 Value ETF has a fifty-two week low of $184.61 and a fifty-two week high of $234.81. The firm has a market capitalization of $75.13 billion, a PE ratio of 18.83 and a beta of 0.84. The company’s 50-day moving average is $220.93 and its 200 day moving average is $215.68.

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.