Park Avenue Securities LLC Makes New Investment in iShares Russell 1000 Value ETF $IWD

Park Avenue Securities LLC purchased a new stake in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 40,311 shares of the exchange traded fund’s stock, valued at approximately $9,994,000.

Several other institutional investors have also added to or reduced their stakes in IWD. Greenleaf Trust grew its holdings in iShares Russell 1000 Value ETF by 20,660.3% in the 2nd quarter. Greenleaf Trust now owns 1,491,213 shares of the exchange traded fund’s stock worth $116,166,000 after acquiring an additional 1,484,030 shares during the last quarter. Stairway Partners LLC purchased a new position in shares of iShares Russell 1000 Value ETF in the third quarter valued at about $326,735,000. Fifth Third Bancorp raised its stake in shares of iShares Russell 1000 Value ETF by 324.3% during the first quarter. Fifth Third Bancorp now owns 1,191,768 shares of the exchange traded fund’s stock valued at $254,645,000 after acquiring an additional 910,889 shares during the last quarter. Marquette Asset Management LLC bought a new position in shares of iShares Russell 1000 Value ETF during the third quarter valued at about $98,365,000. Finally, Baird Financial Group Inc. raised its stake in shares of iShares Russell 1000 Value ETF by 2.7% during the second quarter. Baird Financial Group Inc. now owns 6,192,377 shares of the exchange traded fund’s stock valued at $1,501,218,000 after acquiring an additional 165,599 shares during the last quarter. Hedge funds and other institutional investors own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Trading Up 0.1%

iShares Russell 1000 Value ETF stock opened at $258.51 on Wednesday. The firm has a 50-day moving average of $254.66 and a 200-day moving average of $237.48. The firm has a market cap of $84.58 billion, a P/E ratio of 18.83 and a beta of 0.84. iShares Russell 1000 Value ETF has a 1-year low of $199.79 and a 1-year high of $260.19.

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.