Gainline Financial Partners LLC Takes $1.60 Million Position in iShares Russell 1000 Value ETF $IWD

Gainline Financial Partners LLC bought a new position in iShares Russell 1000 Value ETF (NYSEARCA:IWD) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,585 shares of the exchange traded fund’s stock, valued at approximately $1,597,000. iShares Russell 1000 Value ETF comprises 1.5% of Gainline Financial Partners LLC’s holdings, making the stock its 13th biggest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Evanson Financial LLC purchased a new position in shares of iShares Russell 1000 Value ETF during the 2nd quarter valued at approximately $3,582,000. Washington Trust Bank boosted its holdings in iShares Russell 1000 Value ETF by 99.3% during the fourth quarter. Washington Trust Bank now owns 4,392 shares of the exchange traded fund’s stock worth $924,000 after buying an additional 2,188 shares in the last quarter. Jacksonville Wealth Management LLC purchased a new stake in iShares Russell 1000 Value ETF during the fourth quarter worth $661,000. NFJ Investment Group LLC grew its position in iShares Russell 1000 Value ETF by 1,705.2% during the fourth quarter. NFJ Investment Group LLC now owns 41,105 shares of the exchange traded fund’s stock valued at $8,646,000 after buying an additional 38,828 shares during the period. Finally, Applied Finance Capital Management LLC grew its position in iShares Russell 1000 Value ETF by 1,432.7% during the fourth quarter. Applied Finance Capital Management LLC now owns 97,035 shares of the exchange traded fund’s stock valued at $20,410,000 after buying an additional 90,704 shares during the period. 84.93% of the stock is owned by institutional investors and hedge funds.

iShares Russell 1000 Value ETF Stock Performance

IWD opened at $257.63 on Friday. iShares Russell 1000 Value ETF has a fifty-two week low of $199.40 and a fifty-two week high of $260.19. The company has a fifty day moving average of $252.41 and a two-hundred day moving average of $236.42. The stock has a market capitalization of $83.70 billion, a price-to-earnings ratio of 18.83 and a beta of 0.83.

iShares Russell 1000 Value ETF 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.