FinArc Investments Inc. Makes New $845,000 Investment in iShares Russell 1000 Value ETF $IWD

FinArc Investments Inc. acquired a new position in shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 3,954 shares of the exchange traded fund’s stock, valued at approximately $845,000.

Other large investors also recently made changes to their positions in the company. Personal CFO Solutions LLC purchased a new stake in shares of iShares Russell 1000 Value ETF in the fourth quarter worth $1,539,000. Brown Miller Wealth Management LLC purchased a new position in iShares Russell 1000 Value ETF during the fourth quarter worth about $1,213,000. Massachusetts Financial Services Co. MA grew its position in iShares Russell 1000 Value ETF by 121.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 190,793 shares of the exchange traded fund’s stock worth $40,131,000 after buying an additional 104,778 shares in the last quarter. Oakworth Capital Inc. increased its stake in iShares Russell 1000 Value ETF by 3.2% in the 4th quarter. Oakworth Capital Inc. now owns 835,036 shares of the exchange traded fund’s stock worth $175,641,000 after acquiring an additional 25,803 shares during the last quarter. Finally, Washington Trust Bank increased its stake in iShares Russell 1000 Value ETF by 99.3% in the 4th quarter. Washington Trust Bank now owns 4,392 shares of the exchange traded fund’s stock worth $924,000 after acquiring an additional 2,188 shares during the last quarter. Institutional investors and hedge funds own 84.93% of the company’s stock.

iShares Russell 1000 Value ETF Stock Up 0.5%

NYSEARCA:IWD opened at $250.71 on Friday. The stock has a market cap of $81.67 billion, a P/E ratio of 18.83 and a beta of 0.84. The business’s 50-day moving average price is $243.37 and its two-hundred day moving average price is $229.81. iShares Russell 1000 Value ETF has a twelve month low of $191.64 and a twelve month high of $252.73.

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.