Segment Wealth Management LLC Trims Stock Holdings in iShares Russell 1000 Value ETF $IWD

Segment Wealth Management LLC reduced its holdings in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 8.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 39,224 shares of the exchange traded fund’s stock after selling 3,778 shares during the period. Segment Wealth Management LLC’s holdings in iShares Russell 1000 Value ETF were worth $7,986,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Clayton Financial Group LLC bought a new position in shares of iShares Russell 1000 Value ETF in the third quarter worth about $27,000. Advantage Trust Co bought a new stake in shares of iShares Russell 1000 Value ETF in the second quarter valued at about $29,000. RMG Wealth Management LLC purchased a new stake in iShares Russell 1000 Value ETF in the second quarter worth about $33,000. Access Investment Management LLC bought a new position in iShares Russell 1000 Value ETF during the 2nd quarter worth about $35,000. Finally, Clarity Asset Management Inc. purchased a new position in iShares Russell 1000 Value ETF during the 2nd quarter valued at about $35,000. Institutional investors own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Stock Performance

NYSEARCA:IWD opened at $212.04 on Tuesday. The firm has a 50-day simple moving average of $207.39 and a 200-day simple moving average of $201.70. iShares Russell 1000 Value ETF has a one year low of $163.19 and a one year high of $213.53. The firm has a market cap of $67.45 billion, a P/E ratio of 18.83 and a beta of 0.89.

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.