MV Capital Management Inc. Makes New $76.21 Million Investment in iShares Russell 1000 Value ETF $IWD

MV Capital Management Inc. bought a new stake in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 362,323 shares of the exchange traded fund’s stock, valued at approximately $76,211,000. iShares Russell 1000 Value ETF accounts for 7.3% of MV Capital Management Inc.’s investment portfolio, making the stock its 2nd biggest position. MV Capital Management Inc. owned 0.12% of iShares Russell 1000 Value ETF at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of IWD. Brighton Jones LLC grew its holdings in shares of iShares Russell 1000 Value ETF by 8.9% during the fourth quarter. Brighton Jones LLC now owns 36,663 shares of the exchange traded fund’s stock valued at $6,787,000 after buying an additional 2,981 shares in the last quarter. Bison Wealth LLC lifted its stake in iShares Russell 1000 Value ETF by 13.9% in the 4th quarter. Bison Wealth LLC now owns 4,121 shares of the exchange traded fund’s stock worth $763,000 after acquiring an additional 502 shares in the last quarter. Schnieders Capital Management LLC. lifted its stake in iShares Russell 1000 Value ETF by 39.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 3,876 shares of the exchange traded fund’s stock worth $753,000 after acquiring an additional 1,089 shares in the last quarter. Qube Research & Technologies Ltd purchased a new stake in iShares Russell 1000 Value ETF in the 2nd quarter worth about $3,847,000. Finally, Sei Investments Co. boosted its position in iShares Russell 1000 Value ETF by 12.7% during the 2nd quarter. Sei Investments Co. now owns 32,275 shares of the exchange traded fund’s stock worth $6,269,000 after acquiring an additional 3,637 shares during the period. Hedge funds and other institutional investors own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Price Performance

NYSEARCA IWD opened at $242.18 on Friday. The company has a 50 day simple moving average of $233.12 and a 200-day simple moving average of $222.49. The firm has a market capitalization of $77.79 billion, a price-to-earnings ratio of 18.83 and a beta of 0.84. iShares Russell 1000 Value ETF has a 52-week low of $188.55 and a 52-week high of $245.51.

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.