Traders Buy High Volume of Put Options on iShares Russell 1000 Value ETF (NYSEARCA:IWD)

iShares Russell 1000 Value ETF (NYSEARCA:IWD) was the recipient of some unusual options trading on Monday. Stock traders acquired 100,118 put options on the stock. Thisisanincreaseof4,522% compared to the average daily volume of 2,166 put options.

iShares Russell 1000 Value ETF Stock Up 1.1%

IWD stock opened at $194.81 on Tuesday. iShares Russell 1000 Value ETF has a 52-week low of $163.19 and a 52-week high of $200.42. The stock’s fifty day simple moving average is $193.43 and its 200-day simple moving average is $189.15. The stock has a market capitalization of $61.67 billion, a price-to-earnings ratio of 18.83 and a beta of 0.95.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its holdings in iShares Russell 1000 Value ETF by 9.5% in the fourth quarter. Bank of America Corp DE now owns 54,061,592 shares of the exchange traded fund’s stock valued at $10,008,423,000 after buying an additional 4,699,792 shares during the last quarter. GAMMA Investing LLC increased its holdings in iShares Russell 1000 Value ETF by 19,297.5% in the first quarter. GAMMA Investing LLC now owns 2,586,071 shares of the exchange traded fund’s stock valued at $486,595,000 after buying an additional 2,572,739 shares during the last quarter. Pacific Life Fund Advisors LLC bought a new stake in iShares Russell 1000 Value ETF in the first quarter valued at about $232,664,000. JP Wealth Management Inc. increased its holdings in iShares Russell 1000 Value ETF by 18,716.0% in the first quarter. JP Wealth Management Inc. now owns 981,443 shares of the exchange traded fund’s stock valued at $184,668,000 after buying an additional 976,227 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in iShares Russell 1000 Value ETF by 51.8% in the fourth quarter. Ameriprise Financial Inc. now owns 1,519,052 shares of the exchange traded fund’s stock valued at $281,207,000 after buying an additional 518,274 shares during the last quarter. 84.93% of the stock is owned by hedge funds and other institutional investors.

iShares Russell 1000 Value ETF Company 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).