Independent Financial Group LLC Buys Shares of 4,489 iShares Russell 1000 Value ETF $IWD

Independent Financial Group LLC bought a new position in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,489 shares of the exchange traded fund’s stock, valued at approximately $959,000.

Other large investors have also recently made changes to their positions in the company. Bank of America Corp DE grew its holdings in iShares Russell 1000 Value ETF by 5.4% during the 4th quarter. Bank of America Corp DE now owns 52,256,616 shares of the exchange traded fund’s stock valued at $10,991,657,000 after buying an additional 2,686,078 shares in the last quarter. Morgan Stanley increased its position in shares of iShares Russell 1000 Value ETF by 9.0% during the fourth quarter. Morgan Stanley now owns 39,663,587 shares of the exchange traded fund’s stock valued at $8,342,840,000 after buying an additional 3,280,476 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of iShares Russell 1000 Value ETF by 0.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 11,414,192 shares of the exchange traded fund’s stock worth $2,400,861,000 after buying an additional 85,365 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of iShares Russell 1000 Value ETF by 3.8% in the fourth quarter. JPMorgan Chase & Co. now owns 9,251,710 shares of the exchange traded fund’s stock worth $1,946,005,000 after buying an additional 338,948 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of iShares Russell 1000 Value ETF by 20.3% in the fourth quarter. Wells Fargo & Company MN now owns 5,895,769 shares of the exchange traded fund’s stock valued at $1,240,116,000 after acquiring an additional 995,230 shares during the period. 84.93% of the stock is owned by institutional investors.

iShares Russell 1000 Value ETF Trading Down 0.4%

IWD stock opened at $246.96 on Tuesday. The firm has a 50 day moving average of $240.92 and a 200-day moving average of $227.84. The firm has a market capitalization of $81.55 billion, a P/E ratio of 18.83 and a beta of 0.84. iShares Russell 1000 Value ETF has a 12 month low of $191.64 and a 12 month high of $250.50.

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.