iShares Russell 1000 Value ETF $IWD Stock Sold by Paulson Wealth Management Inc.

Paulson Wealth Management Inc. reduced its position in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 1.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 249,451 shares of the exchange traded fund’s stock after selling 4,025 shares during the period. iShares Russell 1000 Value ETF comprises approximately 12.8% of Paulson Wealth Management Inc.’s holdings, making the stock its 2nd biggest holding. Paulson Wealth Management Inc. owned 0.08% of iShares Russell 1000 Value ETF worth $61,846,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of IWD. Baird Financial Group Inc. lifted its stake in shares of iShares Russell 1000 Value ETF by 2.7% during the 2nd quarter. Baird Financial Group Inc. now owns 6,192,377 shares of the exchange traded fund’s stock worth $1,501,218,000 after purchasing an additional 165,599 shares during the period. Commonwealth Equity Services LLC acquired a new stake in shares of iShares Russell 1000 Value ETF during the third quarter worth $374,407,000. Stairway Partners LLC acquired a new stake in shares of iShares Russell 1000 Value ETF during the third quarter worth $326,735,000. Fifth Third Bancorp grew its position in shares of iShares Russell 1000 Value ETF by 324.3% in 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 purchasing an additional 910,889 shares during the period. Finally, Oakworth Capital Inc. purchased a new stake in shares of iShares Russell 1000 Value ETF in the third quarter valued at $217,500,000. 84.93% of the stock is currently owned by institutional investors and hedge funds.

iShares Russell 1000 Value ETF Stock Down 2.6%

Shares of NYSEARCA:IWD opened at $258.38 on Friday. The company has a market cap of $83.12 billion, a P/E ratio of 18.83 and a beta of 0.84. The business has a fifty day simple moving average of $254.98 and a 200-day simple moving average of $238.96. iShares Russell 1000 Value ETF has a 52 week low of $199.79 and a 52 week high of $267.24.

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.