Adirondack Trust Co. Makes New $1.32 Million Investment in iShares Russell 1000 Value ETF $IWD

Adirondack Trust Co. bought a new position in iShares Russell 1000 Value ETF (NYSEARCA:IWD) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,346 shares of the exchange traded fund’s stock, valued at approximately $1,325,000.

A number of other hedge funds also recently made changes to their positions in the company. Evanson Financial LLC purchased a new position in shares of iShares Russell 1000 Value ETF in the second quarter valued at $3,582,000. HB Wealth Management LLC raised its stake in iShares Russell 1000 Value ETF by 3.4% during the second quarter. HB Wealth Management LLC now owns 244,415 shares of the exchange traded fund’s stock valued at $59,254,000 after purchasing an additional 8,104 shares in the last quarter. Stairway Partners LLC purchased a new stake in iShares Russell 1000 Value ETF during the third quarter valued at $326,735,000. Rose Capital Advisors LLC purchased a new stake in iShares Russell 1000 Value ETF during the second quarter valued at $629,000. Finally, SB Capital Management Inc purchased a new stake in iShares Russell 1000 Value ETF during the fourth quarter valued at $2,685,000. 84.93% of the stock is currently owned by hedge funds and other institutional investors.

iShares Russell 1000 Value ETF Stock Performance

IWD stock traded down $0.97 during trading on Wednesday, hitting $253.56. 632,726 shares of the company’s stock traded hands, compared to its average volume of 2,641,717. iShares Russell 1000 Value ETF has a 52 week low of $199.79 and a 52 week high of $260.19. The business has a fifty day simple moving average of $254.75 and a 200 day simple moving average of $242.74. The stock has a market capitalization of $82.95 billion, a price-to-earnings ratio of 18.83 and a beta of 0.84.

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.